NCDEX Dhaniya October Weekly: Exit Long On The Rise

Report For Date: 11/09/2017

NCDEX Dhaniya October Weekly: Exit Long On The Rise

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

Traders short and holding the same can maintain the stop loss at 5374.

Exit long and sell on rise to 4893-4973-5080 with a stop loss of 5374.

Expect lower range of 4785-4490 to be tested.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	4893.00	5534.08	DOWN	7192.0	13.04	4490	4785	4973	5080	5375

*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
4893.0	-3.5	32710	1.5	35610	33.9	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
36.36	-6.23	64.37	-3.76	-472.25	3.86	35.99	-17.96

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.