Report For Date: 19/11/2018
NCDEX Wheat : Further Rise Is Above 2101
NCDEX Wheat (Price are in INR (Rs)/Quintal)
Traders already long can maintain the stop loss at 2033.
Resistance is at 2079-2096-2101.
Further rise is above 2101 closing.
Support will be at 2058-2033.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
2075.00
|
2035.69
|
UP
|
N/A
|
N/A
|
2019
|
2058
|
2079
|
2097
|
2136
|
*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
|
2075.0
|
0.0
|
420.0
|
147.1
|
280.0
|
47.4
|
Negative
|
Addition Short
|
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.