Report For Date: 17/09/2018
NCDEX Chana (Price are in INR (Rs)/Quintal)
Cover short position at 3947 or below as the opportunity arises.
Range of movement is 4142 to 3754.
Breakout is above 4142 and breakdown is below 3754.
Broadly till the breakout or breakdown is not witnessed, oscillation and sideways movement around WRV-3986 is likely to be witnessed.
Sideways oscillation around WRV is likely.
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
3947.0
|
3986.5
|
DOWN
|
3865.0
|
31.08
|
3722
|
3862
|
3918
|
4002
|
4142
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
3947.0
|
-0.1
|
17690.0
|
-70.0
|
60940.0
|
623.8
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
50.16
|
-0.18
|
26.15
|
20.76
|
15.27
|
-12.26
|
47.18
|
-0.90
|
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.