NCDEX Maize March: Hold Short Positions 28 Feb 2017 10:17 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Maize March: Hold Short Positions Report for Date: 28/02/17 The trend is turned down but market movement is sideways in Maize futures on National Commodity and Derivatives Exchange (NCDEX). Maize March 2017 futures contract settled at Rs 1401 per quintal Monday. Support of 1434 has broken and short positions initiated. Hold short with a stop loss of 1440. Expect a fall to 1390 – 1350 levels or below in coming sessions. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Short 1401.0 1416.9 DOWN 1412 22.02 1380.0 1393.0 1398.0 1406.0 1419.0 *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 31.51 0.00 19.61 8.50 -16.64 -6.26 31.85 4.82 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 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 :       Post Comment		Latest TechAnalysis Report Mentha Oil (Apr 24) Neutral Trend / Buy on Breakout / ... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S... Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Base Metals Zinc (May 24) Bullish Trend / Buy on Dips... Mentha Oil (Apr 24) Neutral Trend / Buy on Breakout / ... Base Metals Lead (May 24) Bullish Trend / Buy on Dips... Base Metals Copper (May 24) Bullish Trend / Buy at CM... Top 5 Special Reports US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Castor Oil (Kadi) Weak Price Trend / Next Support at R...