Login ID:
Password:
Partner Login
Contact Us : 07666977977

NCDEX Wheat January: Cover Short Positions

7 Dec 2017 10:32 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report For Date: 07/12/2017


NCDEX Wheat January:
Cover Short Positions

NCDEX Wheat (Price are in INR)

The trend is down but a reversal is likely to be seen.

Ideally, cover short positions on dips to 1670 – 1660 levels or below as the opportunity arises.

Wait for fresh positions for the time-being.

TREND INFORMATION WITH INTRA-DAY LEVELS


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Cover Short 1674 1696 DOWN N/A N/A 1660 1670 1675 1680 1690



*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
1674.0 -0.7 610 -19.7 4350 7.7 Negative Addition Short





Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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 1 out of 52 out of 53 out of 54 out of 55 out of 5 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 :  
   

Top | Post Comment  

Latest TechAnalysis Report
NCDEX Wheat March: Hold Long Positions
NCDEX Wheat March: Hold Long Positions
NCDEX Wheat March: Hold Long Positions
NCDEX Wheat March: Hold Long Positions
NCDEX Wheat March: Cover Short Positions
more
Top 5 News
NCDEX Castor Seed March: Key Support Is At Higher Botto...
MCX Cardamom March: Book Profits And Exit Long Position...
NCDEX Dhaniya April: Expect Further Decline
NCDEX Jeera March: Key Support Has Broken
NCDEX Turmeric April: Reversal Is On Closing Above 7400...
Top 5 Special Reports
Weekly: Major Pulses Trade Mix; Demand Expect In Dal
Weekly: Guarseed/Guargum Down For Second Straight Week;...
Technical : Soy Bean Doc Indore Spot : Accumulate On Co...
Technical: Soybean Indore Spot : Trend Line Resistance ...
Weekly: Weak Trend In Spices Complex For Second Consecu...
Copyright © CC Commodity Info Services LLP. All rights reserved.