NCDEX Maize Oct: Enter long on dip
Report for Date: 30/09/15
The trend has turned Up in Maize futures on National Commodity and Derivatives Exchange (NCDEX).
Maize Oct 2015 futures contract settled at 1465 per quintal Thursday.
Enter long on dip in the range of 1456 – 1438 with Stop Loss of 1392.
Look for book profits in the range of 1484 – 1530.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1465
|
1419
|
UP
|
1425.0
|
28.09
|
1392
|
1438
|
1456
|
1484
|
1530
|
*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
|
|
1465.0
|
2.8
|
4220
|
120.9
|
7170
|
-15.2
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
79.71
|
9.45
|
89.88
|
7.58
|
20.60
|
17.82
|
73.11
|
39.66
|
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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