NCDEX Chana August Weekly: Exit Long On The Rise

Report For Date 18/07/2016

NCDEX Chana (Price are in INR (Rs)/Quintal)

Traders long and holding the same can maintain the stop loss at 8160.

Exit long on rise from 8475 to 8870 as the opportunity arises.

Expect lower range of 8297-7832 to be tested in near term.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	8475.00	7058.02	UP	4684.00	1.04	7832	8297	8583	8762	9227

*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	% V INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	POSITION
8475.0	3.8	540	107.7	1750	-23.6	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
60.80	12.98	85.14	1.23	-117.52	49.20	67.00	20.33

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.