NCDEX Dhaniya April Weekly: Near Term Rise Above 7988 Closing

Report For Date: 23/01/2017

NCDEX Dhaniya April Weekly: Near Term Rise Above 7988 Closing

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

Sideways movement is being witnessed between 8157-7431.

Immediate rise can resume on rise above 7988.

Traders can buy above 7988 with low of the week as the stop loss or 7800 whichever is lower.

Lower range for the week can be 7781-7596.

Accumulate at 7781-7596 with a stop loss of 7430

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	7863.00	7682.25	UP	7868.0	13.01	7596	7781	7885	7966	8151

*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
7863.0	-0.1	11430	-27.2	12710	12.4	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
51.89	-0.14	43.75	6.16	54.86	3.79	55.34	-1.61

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.