Report For Date: 17/04/2017
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Exit long on rise from 7192-7458 as the opportunity arises.
Addition of short position has been witnessed as open interest increased with the fall.
Bandwidth decreased which suggest that directional movement can get locked henceforth and sideways movement could develop.
Resistance will be at 7458-7947.
Lower range for the day can be 6969-6480.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
7192.0
|
7377.9
|
DOWN
|
7192.0
|
13.04
|
6480
|
6969
|
7234
|
7458
|
7947
|
*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
|
7192.0
|
-5.5
|
81250
|
32.1
|
59040
|
15.0
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
45.78
|
-12.36
|
65.81
|
-23.24
|
-90.17
|
-10.43
|
41.70
|
-26.47
|
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.