NCDEX Wheat Sep: Exit Long Positions

NCDEX Wheat Sep: Exit Long Positions

Report for Date: 29/08/16

The trend is turned down in Wheat futures on National Commodity and Derivatives Exchange (NCDEX).

Sep 2016 futures contract settled at 1727 per quintal Friday.

Exit long positions at 1730 to 1750 Level as opportunity arises.

Further upward movement only after rise and close above 1762.
TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	1727.0	1692.1	UP	1712.0	12.1	1642	1700	1731	1758	1816

*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
1727.0	-1.14	2600	61.49	19460.00	-2.99	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
49.83	-15.60	58.33	-25.00	5.48	-15.99	66.14	-23.61

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.