Report For Date: 21/05/2018
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Traders short need to maintain the stop loss at 4922.
Lower range of 4716-4552 is likely to witnessed support.
The last bottom was at 4566 and the demand zone attached to it is 4937-4848.
On sustained rise and close above 4922 expect a rise towards DRV-5206.
Near term reversal is above 4922 closing.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
-
|
4781.0
|
5206.2
|
DOWN
|
5587.0
|
16.02
|
4552
|
4716
|
4815
|
4880
|
5044
|
*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
|
|
4781.0
|
-0.8
|
38570
|
-16.1
|
31710
|
3.9
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
36.92
|
-1.82
|
12.67
|
42.99
|
-182.17
|
-8.98
|
25.71
|
-7.75
|
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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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