Report For Date 7/10/2015
NCDEX Coc December: Further Rise Is Above 1637
NCDEX COC :( Price in Rs/Quintal)
Hold long position with a stop loss of 1557.
Resistance is at 1621-1634-1637.
Expect lower range of 1605-1576 to be tested.
Buy above 1637 with low of the day stop loss or 1618 whichever is lower.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1618.0
|
1574.8
|
UP
|
1593.0
|
1.10
|
1576
|
1605
|
1621
|
1634
|
1663
|
*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
|
|
1618.0
|
-0.7
|
29500
|
-37.7
|
56140
|
2.8
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
63.10
|
-6.25
|
88.85
|
-1.55
|
5.11
|
163.83
|
37.08
|
-5.29
|
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