Report for Date: 06/07/15The trend is up in Maize futures on National Commodity and Derivatives Exchange (NCDEX).
Maize Aug 2015 futures contract settled at Rs. 1,231.00 per quintal Friday.
Continue to hold long positions with a stop loss of Rs 1,210.
Expect a rise to Rs 1,245-1,260 levels or higher in coming sessions.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Long
1231
1200
UP
1206
29.06
1206
1223
1233
1240
1257
*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
1231
-0.3239
2330
-31.6716
16780
0.2989
Negative
Addition Short
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
63.82
-3.16
80.47
-3.94
4.92
66.89
73.04
-0.68
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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