Report For Date 6/10/2015
NCDEX Coc December: Expect Higher Range To Be Tested
NCDEX COC :( Price in Rs/Quintal)
Weaker opening and correction first to 1622-1610 can be used for accumulation with a stop loss of 1557.
Expect higher range of 1642-1674 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1629.0
|
1571.7
|
UP
|
1593.0
|
1.10
|
1578
|
1610
|
1622
|
1642
|
1674
|
*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
|
|
1629.0
|
2.3
|
47350
|
39.8
|
54590
|
14.7
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
67.30
|
14.09
|
90.24
|
15.78
|
1.94
|
160.98
|
39.15
|
-14.01
|
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