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NCDEX Sugar July2017: Sideways Movement To Develop

19 May 2017 10:15 am
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Report For Date: 19/05/2017


NCDEX Sugar July2017: Sideways Movement To Develop
NCDEX Sugar (Price are in INR (Rs)/Quintal)


Exit long if any on rise from 3823-3858 as the opportunity arises.

Expect lower range of 3788-3753 to be tested.

Overall expect sideways movement and oscillation around DRV>

TREND INFORMATION WITH INTRA-DAY LEVELS



STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 3802.000 3761.594 UP 3751.0 9.05 3753 3788 3808 3823 3858



*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 -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION
3802.0 0.0 60 -40.0 240 -4.0 Negative Unwinding


TECHNICAL INDICATORS TABLE


RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
47.83 0.00 30.94 -32.89 -17.85 15.18 63.61 4.15




Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum.

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.

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