Report For Date: 19/03/2018
NCDEX Dhaniya April Weekly: Further Rise Is Above 5579
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Exit log on rise from 5371 or above as the opportunity arises.
Resistance will be at 5411-5490.
Lower range can be 5291-5092.
Retracement levels are placed at 5142 and 4935.
A rise and close above 5579 can end the correction and resume the upside movements.
Traders can re-enter long on sustained rise and close above 5579 with low of the week as the stop loss or 5331 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
5371.0
|
5415.1
|
DOWN
|
5371.0
|
16.03
|
5092
|
5291
|
5411
|
5490
|
5689
|
*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
|
5371.0
|
-2.2
|
12050
|
18.1
|
22780
|
1.5
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
49.13
|
-4.96
|
16.85
|
-33.13
|
78.81
|
-18.25
|
42.47
|
-9.35
|
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.