Report For Date: 14/01/2019
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Resistance will be at 6717-6833.
Further rise is above 6955.
Lower range can be 6526-6219.
Traders long and holding the same can take profits at 6643 or above and re-enter long if close is above 6955.
Accumulate at WRV-6342 or below with a stop loss of 6092.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
6643.0
|
6342.1
|
UP
|
5012.0
|
5.10
|
6219
|
6526
|
6717
|
6833
|
7140
|
*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 can hold long position with WRV as the closing stop loss and close > WRV. Traders can hold short position with WRV as the closing stop loss and close < WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
STRATEGY
|
|
6643.0
|
-3.7
|
40900.0
|
78.1
|
27490.0
|
25.2
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
68.05
|
-12.62
|
78.98
|
-9.40
|
416.80
|
-2.77
|
66.35
|
-20.71
|
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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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