NCDEX Chana May: Exit Long And Sell On Rise

Report For Date: 16/04/2018

NCDEX Chana May: Exit Long And Sell On Rise

NCDEX Chana (Price are in INR (Rs)/Quintal)

Exit long and sell on rise from 4196-4248 with a stop loss of 3848.

Expect lower range of 4130-4012 to be tested.

Volatility band for near term can be 3848 to 3600.

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	4196.0	4406.7	DOWN	4529.0	15.12	4012.7	4130.7	4183.3	4248.7	4366.7

*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	V -G/L%	OPEN INTEREST	OI -G/L %	CANDLE	POSITION
3675.0	-3.9	156820	4.2	95980	35.8	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
36.34	-8.57	61.91	37.22	-289.62	3.05	34.78	-21.29

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.