Report For Date: 16/01/2017
NCDEX Dhaniya April Weekly: Cover Short Position
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Cover short position at 7868 or below as the opportunity arises.
Weakness will be seen below 7430.
Expect higher range of 8035-8504 to be tested.
Oscillation around DRV is being witnessed for last few weeks.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
7868.00
|
7678.64
|
UP
|
7868.0
|
13.01
|
7097
|
7566
|
7733
|
8035
|
8504
|
*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 can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
STRATEGY
|
|
7868.0
|
4.1
|
15690
|
20.2
|
11310
|
16.0
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
51.97
|
9.13
|
41.21
|
-4.98
|
52.85
|
7.71
|
56.24
|
14.86
|
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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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