Report For Date: 13/08/2018
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Major bull market could be happening as long term historical falling wedge appears to be witnessed.
Breakout above 5311 is essential to confirm the long term rally.
Accumulate at 4943-4774 as the opportunity arises with a stop loss of 4770.
Expect higher range of 5112-5281 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
5029.0
|
4932.4
|
UP
|
5163
|
27.07
|
4774
|
4943
|
5025
|
5112
|
5281
|
*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
|
|
5029.0
|
-1.3
|
37660.0
|
-15.1
|
36870.0
|
29.8
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
51.00
|
-3.17
|
76.79
|
-4.97
|
-94.74
|
18.49
|
44.38
|
-6.97
|
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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