Login ID:
Password:
Partner Login
Contact Us : 07666977977

NCDEX Wheat Feb: Avoid Fresh Positions

11 Jan 2017 10:08 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NCDEX Wheat Feb: Avoid Fresh Positions


Report for Date: 11/01/17

The trend is down in Wheat on National Commodity and Derivatives Exchange (NCDEX).

Feb 2017 futures contract settled at 1867 per quintal Monday.

Avoid fresh positions for the time-being.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4

Avoid Trade
1878.0 1905.4 DOWN 2040 7.12 1847.7 1866.7 1874.3 1885.7 1904.7



*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
1878.0 0.6 1210 112.3 3360 10.2 Positive Addition Long


TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
32.51 16.07 53.54 -13.46 -36.00 2.99 50.71 26.98





Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The 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.

View Full Image
Read Disclaimer
       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest TechAnalysis Report
NCDEX Maize April: Cover Short Positions
NCDEX Wheat April: Hold Long Positions
NCDEX Barley April: Hold Long Positions
NCDEX Maize April: Cover Short Positions
NCDEX Wheat April: Buy On Dips
more
Top 5 News
Technical: USD Seems Surrendering Recovery Against INR...
NCDEX Guar seeds10 April: Book Profits And Exit Positi...
NCDEX Guar Gum April: Exit Long Positions
MCX Mentha Oil March: Hold Short Positions
NCDEX Castor Seed Aprilí17: Hold Long Positions
Top 5 Special Reports
Tight Supply-Demand Balance Sheet May Keep Castor Seed ...
India Soymeal Likely To Trade Rangebound Next Week
India Edible Oil Outlook Seen Down Next Week
Weekly:Unfixed Cotton On Call Marginally Declines In US...
India Oilseed Market Will Focus On Demand For By-Produc...
Copyright © CC Commodity Info Services LLP. All rights reserved.