NCDEX Maize June: Book Profits And Exit Long Positions 26 May 2016 9:57 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Maize June: Book Profits And Exit Long Positions Report for Date: 26/05/16 The trend is up but a profit taking is likely to be seen in Maize futures on National Commodity and Derivatives Exchange (NCDEX). Maize June 2016 futures contract settled at Rs 1393 per quintal Wednesday. Ideally, book profits and exit long positions on rise to 1410 – 1420 levels or above as the opportunity arises. Re-enter long on rise and close above 1430. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Exit Long 1393.0 1326.8 UP 1245.0 5.1 1307 1362 1386 1417 1472 *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 1393.0 -1.07 11650 336.33 23230.00 2.97 Indecisive Addition long/Short TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 67.24 -5.81 83.45 14.20 33.98 7.00 75.98 -7.18 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 Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy at CMP ... Top 5 Special Reports Mumbai Masur Canada Crimson Container Weak Price Trend... Mustard Oil (Jaipur) Trending Lower / Next Support at ... Weekly: ICE cotton futures extend decline; no respite f... Weekly: ICE raw sugar futures post double digit price d... Canadian Lentil Prices Hit Record Highs, Outlook Remain...