NCDEX Chana March: Sideways Volatility Around Drv Is Likely 26 Feb 2018 9:56 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 26/02/2018 NCDEX Chana March: Sideways Volatility Around Drv Is Likely NCDEX Chana (Price are in INR (Rs)/Quintal) Resistance will be at 3910-3968. Lower range can be 3833-3698. Sideways volatility and oscillation around DRV is likely. On rise and close above 4001 upside momentum will be witnessed. STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 - 3890.0 4054.6 DOWN 4001.0 19.01 3698 3833 3910 3968 4103 *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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV. PRICE, VOLUME AND OPEN INTEREST STRATEGY LAST CLOSE PRICE G/L% VOLUME V -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION 3890.0 0.9 206420 44.3 70840 -10.7 Negative Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 38.36 2.30 42.22 34.27 -373.33 3.13 33.73 19.68 Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place. 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.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp...