NCDEX Maize Yellow-Red Quintal- Oct: Exit Long Positions
Report for Date: 22/09/16
The trend is turned down and major downward movement witnessed in last trading session in Maize futures on National Commodity and Derivatives Exchange (NCDEX).
Maize Oct 2016 futures contract settled at Rs 1405 per quintal Wednesday.
Exit long position at 1420 – 1430 as opportunity arises.
Avoid fresh trade in volatile market for time being.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1405.0
|
1474.4
|
DOWN
|
1405.00
|
21.09
|
1383.3
|
1398.3
|
1406.7
|
1413.3
|
1428.3
|
*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
|
|
1405.0
|
-7.9
|
460
|
-70.7
|
6230
|
71.6
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
37.00
|
-41.96
|
50.37
|
-40.26
|
-3.38
|
-230.27
|
32.10
|
-57.38
|
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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