Report For Date: 11/03/2019
NCDEX Chana (Price are in INR (Rs)/Quintal)
Cover short position at 4168 or below.
Support at lower range of 4125-4062 can be used to cover short position.
Resistance will be at 4214-4303-4358.
Exit long and sell on rise or on better opening to 4214 or above with a stop loss of 4358.
Breakout above 4358 and trade long above 4358.
Sell is below 4060 with high of the week as the stop loss.
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4168.0
|
4249.5
|
DOWN
|
4289.0
|
15.0
|
4036.7
|
4125.7
|
4172.3
|
4214.7
|
4303.7
|
*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
|
|
4168.0
|
0.5
|
83810.0
|
51.7
|
52270.0
|
36.7
|
Indecisive
|
Addition Long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
45.20
|
2.58
|
27.38
|
-12.58
|
8.43
|
-56.72
|
35.69
|
-6.03
|
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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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