NCDEX Wheat August: Cover Short Position At Lower Range



NCDEX Wheat August: Cover Short Position At Lower Range

29 Jul 2015 9:48 am

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NCDEX Wheat August: Cover Short Position At Lower Range

The trend has turned up.

Cover short position at market price and on dips to 1521-1512 levels or below as the opportunity arises.

Expect higher levels of 1535-1555 to be tested in coming sessions. INTRA-DAY LEVELS FOR NCDEX WHEAT CONTRACT

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4

Cover Short 1525.00 1514.97 UP 1525.00 28.07 1491 1512 1521 1533 1554

*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

1525 0.7266 5800 205.2632 25950 -2.0385 Indecisive Unwinding

TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS

55.90 14.77 83.17 24.09 -0.16 86.87 70.90 2.84

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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