NCDEX Coc Weekly April 2017: Sideways Movement Being Witnessed

Report For Date: 27/03/2017

NCDEX COC :( Price in Rs/Quintal)

Sideways movement is being witnessed between 2303 and 2124.

Long Legged Doji has been formed which suggest that further weakness can be seen below 2124.

Expect movement to remains between 2302-2124.

Indecisive candle has been formed and addition of open interest has been witnessed which suggest that both long and short position have been added.

Bandwidth is falling which suggest that movement to remain between the band.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	2184.0	2203.2	DOWN	2168.00	10.03	2043	2134	2174	2225	2316

*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
2184.0	-0.3	163170	912.2	96990	5410.8	Indecisive	Addition long/Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
50.77	-0.96	24.17	-25.30	8.29	-4.94	54.31	-5.91

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.