Report for Date: 27/05/15
The trend is down in Maize June 2015 contract on National Commodity & Derivatives Exchange (NCDEX).
June 2015 maize futures contract has settled at Rs 1,154 per quintal Tuesday.
Hold short positions with a stop loss of Rs 1,180.
Sell on better opening to Rs 1,161-1,167 levels or above.
Expect a fall to Rs 1,140-1,120 levels or below in coming sessions.
INTRA-DAY LEVELS FOR NCDEX MAIZE JUNE 15 CONTRACT
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
1154.0
|
1191.0
|
DOWN
|
1191.0
|
4.05
|
1145.3
|
1151.3
|
1154.7
|
1157.3
|
1163.3
|
*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
|
1154.0
|
-0.43
|
1260
|
-41.67
|
11520.00
|
-2.62
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
29.93
|
-5.02
|
12.84
|
-60.69
|
-10.25
|
-16.26
|
17.47
|
-10.67
|
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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