NCDEX Wheat Dec: Buy On Dips 27 Nov 2015 10:49 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Wheat Dec: Buy On Dips Report for Date: 27/11/15 The trend has turned up in Wheat futures on National Commodity and Derivatives Exchange (NCDEX). Wheat Dec 2015 futures contract settled at Rs. 1666 per quintal Thursday. A breakout above 1670 has seen as prices made high of 1689 before settling at 1666 per quintal. Buy on dips to 1660-1650 levels with a stop loss of 1630. Expect higher levels of 1690-1732 to be tested. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Buy On Dips 1666.0 1661.0 UP 1666.0 26.1 1600.3 1644.3 1666.7 1688.3 1732.3 *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. 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 1666.0 0.97 800 280.95 2790.00 0.00 Indecisive Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 59.03 16.08 49.18 -14.10 -0.47 65.68 65.86 -2.16 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. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Base Metals Zinc (May 24) Bullish Trend / Buy on Dips... Base Metals Lead (May 24) Bullish Trend / Buy on Dips... Base Metals Copper (May 24) Neutral Trend / Buy on Br... Top 5 Special Reports Mustard Oil (Jaipur) Trending Lower / Next Support at ... Mumbai Masur Canada Crimson Container Weak Price Trend... US cotton net export sales for April 26-May 2 at 253,70... US soybean net sales for April 26-May 2 at 428,900 MT, ... Mumbai Black Matpe (Urad) Trending Higher / Next Resis...