Report for Date: 26/05/15The trend has turned down in Wheat futures on National Commodity and Derivatives Exchange (NCDEX).
Wheat June 2015 futures contract settled at Rs. 1,473 per quintal Monday.
Ideally, exit long positions at market price and on rise to Rs 1,477-1,486 levels or above as the opportunity arises.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Exit Long
1473
1503
DOWN
1508
11.05
1442
1464
1477
1486
1508
*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: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
Price G/L%
Volume
% V Inc/Dec
Open Interest
% OI Inc/Dec
Candle
Position
1473
-1.07
5960
36.07
28770.00
1.88
Negative
Addition Short
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
42.94
-12.65
19.23
-40.17
0.09
-95.69
25.16
-2.50
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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