Report for Date: 01/07/15The trend has turned up in Maize futures on National Commodity and Derivatives Exchange (NCDEX).
Maize June 2015 futures contract settled at Rs. 1,174.00 per quintal Tuesday.
Ideally, Cover Short positions on dips to Rs 1,167-1,155 levels or below as the opportunity arises.
Sell only on fall and close below Rs 1,110.TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Cover Short
1174
1165
UP
1171
29.06
1155
1167
1172
1179
1191
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
Price G/L%
Volume
% V Inc/Dec
Open Interest
% OI Inc/Dec
Candle
Position
1174
0.26
2040
-74.31
16230.00
-2.11
Indecisive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
53.40
2.53
76.09
-0.09
-8.78
22.48
74.53
8.06
information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.
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