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NCDEX Dhaniya April Weekly: Exit Long On The Rise

13 Feb 2017 9:46 am
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Report For Date: 13/02/2017

NCDEX Dhaniya April Weekly: Exit Long On The Rise

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

Exit long and sell o rise to 6928-7076 with a stop loss of 7390.

Expect lower range of 6763-6284.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

6928.00

7590.67

DOWN

7533.0

16.12

6284

6763

7076

7242

7721

*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

6928.0

-6.0

21350

59.6

19160

23.4

Negative

Addition Short

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

41.09

-11.98

31.98

-25.36

-110.48

-51.97

39.06

-22.61

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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