NCDEX Wheat Aug: Exit Long Positions 29 Jul 2016 9:58 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Wheat Aug: Exit Long Positions Report for Date: 29/07/16 The trend is sideways in Wheat futures on National Commodity and Derivatives Exchange (NCDEX). Aug 2016 futures contract settled at 1715 per quintal Thursday. Exit long positions on rise to 1725 – 1745 levels or above. Re-enter long on rise and close above 1780. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Exit Long 1715.0 1741.4 DOWN 1734.0 19.1 1685 1705 1715 1725 1745 *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 1715.0 -0.41 3760 187.02 27210.00 -6.17 Indecisive Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 44.55 -5.78 19.57 2.02 -2.63 -85.42 53.09 22.36 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 Market Snapshot MCX - NCDEX 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 at CMP ... Base Metals Copper (May 24) Neutral Trend / Buy on Br... Top 5 Special Reports Sunflower Refined Oil (AP) Inflection Point: Trading N... Black Matpe (Urad) SQ Chennai Consolidating in an Uptr... US soybean net sales for April 19-25 at 414,000 MT, up ... US cotton net export sales for April 19-25 at 97,400 RB... Delhi Chana Rajasthan Line Bullish Price Trend / Next ...