Report for Date: 03/03/15
The trend is sideways in Maize March 2015 contract on National Commodity & Derivatives Exchange (NCDEX).
March 2015 maize futures contract has settled at Rs 1,259 per quintal Monday.
Ideally, cover short positions on dips to Rs 1,255-1,249 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
|
1259
|
1260
|
DOWN
|
1256
|
27.02
|
1249
|
1255
|
1258
|
1261
|
1267
|
*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
|
|
1259
|
0.16
|
560
|
1.82
|
5700.00
|
-0.52
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
53.97
|
1.55
|
47.66
|
-24.84
|
6.74
|
3.60
|
62.81
|
1.82
|
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.
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