The is down but a short covering is expected in Maize futures on NCDEX.
Sep 2017 Futures contract settled at Rs 1252 per Quintal Thursday.
Ideally, cover short on dips to 1245 – 1235 levels or below as the opportunity arises.
Wait for any fresh positions for the time-being.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
TrendPrice
TrendDate
L1
L2
CP
L3
L4
Exit Long
1252.00
1275.18
DOWN
1316.00
21.08
1247.33
1250.33
1251.67
1253.33
1256.33
*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
1252.0
0.1
240
-65.7
940
-31.9
Positive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
39.16
0.00
73.33
21.47
-21.30
3.06
48.35
7.00
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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