The trend is sideways in Maize March 2015 contract on National Commodity & Derivatives Exchange (NCDEX).
March 2015 maize futures contract has settled at Rs 1,257 per quintal Saturday.
Ideally, cover short positions on dips to Rs 1,250-1,240 levels or below as the opportunity arises.
Sell only on fall and close below Rs 1,185.
INTRA-DAY LEVELS FOR NCDEX MAIZE MARCH 15 CONTRACT
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Cover Short
1257
1260
DOWN
1256
27.02
1235
1250
1259
1265
1280
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
Price G/L%
Volume
% V Inc/Dec
Open Interest
% OI Inc/Dec
Candle
Position
1257
0.08
550
-57.03
5730.00
-2.22
Indecisive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
53.15
0.74
63.41
-14.77
6.51
3.18
61.68
0.47
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The nformation 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.
Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.