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
*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
% V Inc/Dec
% OI Inc/Dec
TECHINCAL INDICATORS TABLE
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.