NCDEX Coc June: Cover Short Position At Lower Range 29 May 2015 7:44 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date 29/05/2015 NCDEX Coc June: Cover Short Position At Lower Range NCDEX COC June :( Price in Rs/Quintal) Traders short can maintain the stop loss at 1798. The swing bottom cluster of support is at lower range of 1741-1732. Cover short position at 1787 to 1732 range as the opportunity arises. Downside momentum can be seen below 1732. Trend however is still down but if resistance/supply point of 1795 is crossed on closing then pullback can resume. Up trend would be confirmed if close is above the DRV-1805 with bullish/positive candle. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Short 1787.0 1804.3 DOWN 1805.0 19.05 1756 1777 1787 1798 1819 *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 INC/DEC OPEN INTEREST % OI INC/DEC CANDLE POSITION 1787.0 0.1 28780.0 -19.9 88440 -1.7 Indecisive Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 46.09 0.91 54.23 34.42 -7.37 -8.86 42.51 7.77 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 Cotton Seed Oilcake (May 24) Bearish Trend / Sell on R... Cotton Seed Oilcake (May 24) Bearish Trend / Sell on R... Cotton Seed Oilcake (May 24) Bearish Trend / Sell on R... Cotton Seed Oilcake (May 24) Bearish Trend / Sell on R... Cotton Seed Oilcake (May 24) Bearish Trend / Sell on R... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Aluminium (Apr 24) Bullish Trend / Buy-on-Dips / Key S... Top 5 Special Reports Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...