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NCDEX Dhaniya February Weekly: Exit Long On The Rise

9 Jan 2017 10:56 am
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Report For Date: 09/01/2017

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

Exit long and sell on rise from 7557 to 7845 with a stop loss of 7975.

Resistance will be at 7687-7845.


Expect lower range of 7398-6951 to be tested.



TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

7557.00

7672.23

DOWN

7557.0

6.01

6951

7398

7687

7845

8292


*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

7557.0

-4.6

13050

81.3

9750

54.8

Negative

Addition Short


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

47.62

-9.95

43.37

-14.90

49.07

-32.99

48.97

-16.18


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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