NCDEX Coc July: Expect Lower Range To Be Tested

Report For Date 26/06/2015


NCDEX Coc July: Expect Lower Range To Be Tested

NCDEX COC July :( Price in Rs/Quintal)


Traders short and holding the same can keep the stop loss at 1848.

Cover short position at 1817 or below as the opportunity arises.

Resistance is at 1832-1862.

Sideways movement between 1869 and 1762 is likely to be seen.

Oscillation around the DRV cannot be ruled out.

Upside momentum can resume on rise and close above 1869.

Downside momentum can be witnessed on fall and close below 1762.

Unwinding of position can become more dominant lead to sideways volatility.





TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	1817.0	1847.1	DOWN	1830.0	19.06	1772	1802	1818	1832	1862

*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: a Close <DRV.


PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	% V INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	POSITION
1817.0	-0.4	34560	8.2	78160	-0.2	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
45.72	-3.03	65.05	23.83	-10.12	-1.88	53.57	-9.77

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.