Report for Date: 27/04/15
The trend is up and a breakout above Rs 1,204 has witnessed in Maize May 2015 contract on National Commodity & Derivatives Exchange (NCDEX).
May 2015 maize futures contract has settled at Rs 1,213 per quintal Friday.
However, a follow-up rise is required for a rally in maize prices.
Buy on dips to Rs 1,210-1,202 levels or below with a stop loss of Rs 1,172.
Expect a rise to Rs 1,240-1,270 levels or above.
INTRA-DAY LEVELS FOR NCDEX MAIZE MAY 15 CONTRACT
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1213
|
1178
|
UP
|
1178
|
17.04
|
1183
|
1202
|
1210
|
1221
|
1240
|
*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
|
|
1213
|
1.85
|
3060
|
62.77
|
8160.00
|
-0.24
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
64.59
|
15.14
|
83.57
|
24.39
|
4.66
|
73.52
|
36.62
|
131.99
|
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.
View Full Image
|
0 Comments 
Post Comment 
