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NCDEX Chana June: Further Weakness Is Below 3482

12 May 2018 12:08 pm
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Report For Date: 12/05/2018

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

Traders short and holding the same can maintain the stop loss at 3724.

Resistance is at 3621-3724.

Further weakness is below 3482.

Sell is below 3482 with high of the week as the stop loss or 3573 whichever is higher.

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

-

3573.0

3856.7

DOWN

N/A

N/A

3445

3533

3580

3621

3709


*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

3573.0

0.0

165090

48.0

107430

35.3

Indecisive

Addition Long/Short





TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

34.90

0.00

18.73

-1.61

-263.54

3.06

38.46

-11.47



















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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