NCDEX Dhaniya November Weekly: Cover Short Position

Report For Date: 24/10/2016

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

Traders short and holding the same can maintain the stop loss at 7196.

Cover short position at 6998 or below as the opportunity arises.

Further fall is below 6700.

Sell is below 6700 with high of the week as the stop loss or 7196.

Pullback can resume if sustains above the week’s open and above 7196.

Cover short position as long as 6700 is not violated.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	6998.00	7731.85	DOWN	7570.0	23.09	6240	6734	6965	7228	7722

*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	STRATEGY
6998.0	-2.8	5590	-47.6	11970	4887.5	Indecisive	Addition long/Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
40.38	-5.16	26.10	-5.47	-48.61	-779.51	31.60	-12.95

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.