The trend is up in Maize futures on National Commodity and Derivatives Exchange (NCDEX).
Maize Dec 2015 futures contract settled at 1587 per quintal Friday.
Major Breakout level of Rs 1568 has been violated.
Hold long positions with a stop loss of 1550.
Expect a rise to 1610-1625 levels or above in coming sessions.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Long
1587
1520
UP
1387
16.10
1550
1574
1584
1598
1622
*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
1587
0.38
4140
20.35
16290.00
-5.01
Positive
Unwinding
TECHNICAL INDICATORS TABLE
RSI
1-ROC-RSI
STOCHASTIC
1-ROC-STOCHASTIC
MACD
1-ROCMACD
RS
1-ROCRS
76.04
1.10
91.37
5.76
37.72
3.51
73.72
7.46
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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