The trend has turned up in Maize May 2015 contract on National Commodity & Derivatives Exchange (NCDEX).
May 2015 maize futures contract has settled at Rs 1,191 per quintal Thursday.
Ideally, avoid any positions for the time-being until any decisive prices action takes place.
INTRA-DAY LEVELS FOR NCDEX MAIZE MAY 15 CONTRACT
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Avoid Trades
1191
1177
UP
1178
17.04
1163
1182
1191
1201
1220
*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
1191
0.42
1880
89.90
8180.00
-2.27
Indecisive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
56.57
4.30
67.19
15.81
2.95
17.12
15.78
-21.25
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.
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