The trend has turned down in Maize June 2015 contract on National Commodity & Derivatives Exchange (NCDEX).
June 2015 maize futures contract has settled at Rs 1,203 per quintal Tuesday.
Ideally, exit long positions on rise to Rs 1,215-1,225 levels or above as the opportunity arises.
Wait for any fresh trading opportunity to enter in to the market.
INTRA-DAY LEVELS FOR NCDEX MAIZE JUNE 15 CONTRACT
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Exit Long
1203
1214
DOWN
1213
28.04
1149
1184
1199
1219
1254
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
Price G/L%
Volume
% V Inc/Dec
Open Interest
% OI Inc/Dec
Candle
Position
1203
1.01
5950
247.95
8750.00
51.65
Positive
Addition Long
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
48.81
14.29
45.99
17.84
0.72
-33.55
21.56
-15.10
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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