Report For Date: 22/05/2017
NCDEX Dhaniya June Weekly: Further weakness is below 5679
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 5679.
Resistance will be at 5660-5679.
Further weakness is below 5234.
Sell is below 5234 with high of the week as the stop loss or 5547.
A rise and close above 5679 can show near term pullback towards 5986.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
5547.0
|
6978.1
|
DOWN
|
7192.0
|
13.04
|
5008
|
5334
|
5447
|
5660
|
5986
|
*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
|
5547.0
|
-2.3
|
59270
|
-15.0
|
50830
|
-11.9
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
28.55
|
-3.53
|
7.59
|
125.93
|
-391.94
|
-21.89
|
17.13
|
-6.03
|
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.