REPORT For Date: 25/07/2016
NCDEX Sugar October Weekly: Expect Higher Range To Be Tested
NCDEX Sugar (Price are in INR (Rs)/Quintal)
Traders by chance long and holding the same can maintain the stop loss at 3597.
Correction to 3762-3662 can be used for accumulation with a stop loss of 3597.
Expect higher range of 3927-4192 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
3827.00
|
3431.48
|
UP
|
2396.0
|
28.08
|
3397
|
3662
|
3762
|
3927
|
4192
|
*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 -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
3827.0
|
6.0
|
10520
|
-47.7
|
37500
|
1430.6
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
74.41
|
11.68
|
62.76
|
57.03
|
155.91
|
7.96
|
49.69
|
91.29
|
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.