NCDEX Coc December: Expect Higher Range To Be Tested

Report For Date 13/10/2015

NCDEX Coc December: Expect Higher Range To Be Tested

NCDEX COC :( Price in Rs/Quintal)

Hold long position with a stop loss of 1640.

We had suggested buying above 1645. Breakout above 1645 was witnessed and high registered yesterday was 1669. Traders who managed to buy had the opportunity to benefit.

Weaker opening and correction to 1658-1647 can be used for accumulation with a stop loss of 1634.

Expect higher range of 1676-1705 to be tested.

Higher range can be used to take profits.

TREND INFORMATION WITH INTRA-DAY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.