Report For Date: 14/08/17
NCDEX Maize Sep’17: Cover Short Positions
NCDEX Maize: (Price are in INR (Rs)/Quintal)
The has turned up in Maize futures on NCDEX.
Sep 2017 Futures contract settled at Rs 1322 per Quintal Friday.
Ideally, cover short positions on dips to 1320 – 1310 levels or below as the opportunity arises.
Sell only on fall and close below 1288.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Cover Short
|
1322.00
|
1314.55
|
UP
|
1324.00
|
9.08
|
1302.33
|
1315.33
|
1321.67
|
1328.33
|
1341.33
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
1322.0
|
-0.5
|
1730
|
-37.3
|
8540
|
9.6
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
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RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
46.77
|
-4.95
|
78.95
|
10.01
|
-11.56
|
4.63
|
35.98
|
-24.88
|
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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