NCDEX Soya Bean April: Breakout Point 3395 On Closing 30 Mar 2015 6:16 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date 30/03/2015 NCDEX Soya Bean April: Breakout Point 3395 On Closing NCDEX Soya Bean April: (Price Are INR (Rs)/Quintal) Traders short can maintain the stop loss of 3395. Exit long and sell on rise from 3389 or above with a stop loss of 3395. Cover short position at lower range of 3370 or below as the opportunity arises. Sell on fall below 3358 with high of the day stop loss or 3382 whichever is lower. If Soya Bean trades above the open and above 3395 then buy with low of the day stop loss or 3382 whichever is lower. A breakout and close above 3395 can lead to a near term rally towards the lower top of 3440. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Cover Short 3382.00 3386.08 DOWN 3410 18.02 3351 3370 3378 3389 3408 *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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV. PRICE, VOLUME AND OPEN INTEREST STRATEGY LAST CLOSE PRICE G/L% VOLUME % V INC/DEC OPEN INTEREST % OI INC/DEC CANDLE POSITION 3382.00 0.21 15790 -33.01 55210.00 -7.98 Positive Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 52.35 4.54 75.63 -6.18 -7.75 21.51 37.41 -3.27 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 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 Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... Castor Seed (May 24) Bearish Trend / Sell on Rise / Ke... Castor Seed (May 24) Bearish Trend / Sell at CMP / Key... more Top 5 News Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy at CMP ... Top 5 Special Reports Weekly: ICE cotton futures extend decline; no respite f... Weekly: ICE raw sugar futures post double digit price d... Canadian Lentil Prices Hit Record Highs, Outlook Remain... Canadian Chickpea Prices Hit Record High, Outlook for 2... Canadian Dry Pea Market Sees Price Rise Despite Export ...