NCDEX Coc March’17: Up Move Above 2263 Closing

Report For Date: 17/02/2017

NCDEX Coc March’17: Up Move Above 2263 Closing

NCDEX COC : ( Price in Rs/Quintal)

Traders long and holding the same can maintain the stop loss at 2263.

Exit long and sell on rise to 2245-2256 with a stop loss of 2263.

Expect lower range of 2227-2198 to be tested.

Pullback reversal can be witnessed above 2263.

Traders can buy above 2263 with low of the day stop loss or 2238 whichever is lower.

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.