Report for Date: 01/07/15
The trend has turned up in Maize futures on National Commodity and Derivatives Exchange (NCDEX).
Maize June 2015 futures contract settled at Rs. 1,174.00 per quintal Tuesday.
Ideally, Cover Short positions on dips to Rs 1,167-1,155 levels or below as the opportunity arises.
Sell only on fall and close below Rs 1,110.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Cover Short
|
1174
|
1165
|
UP
|
1171
|
29.06
|
1155
|
1167
|
1172
|
1179
|
1191
|
*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
|
1174
|
0.26
|
2040
|
-74.31
|
16230.00
|
-2.11
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
53.40
|
2.53
|
76.09
|
-0.09
|
-8.78
|
22.48
|
74.53
|
8.06
|
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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