Report For Date: 05/11/2018
NCDEX Chana (Price are in INR (Rs)/Quintal)
Cover short position at 4091 or below.
Expect 4134-4253 to be tested.
Weakness is below 3980.
Further breakout above 4216 can set a rally to 4442 or above.
Breakout and close above 4442 can mark a breakout for rally to 5100-5200.
Maintaining above 3980 and 3859 is important henceforth.
Traders can buy on breakout above 4216 with low of the week as the stop loss or 4091 whichever is lower.
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4091.0
|
4031.7
|
UP
|
4091
|
2.11
|
3896
|
4015
|
4057
|
4134
|
4253
|
*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
|
|
4091.0
|
2.8
|
103330.0
|
13.8
|
46060.0
|
42.4
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
52.48
|
8.50
|
41.32
|
-23.68
|
42.82
|
-3.71
|
32.16
|
6.32
|
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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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