Report For Date: 29/01/2018
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Traders long and holding the same can maintain the stop loss at 5142.
Trend line breakout situation appears to be visible on weekly C1 charts or Dhaniya.
Addition of long position has been witnessed.
Expect higher range of 6060-6368 to be tested.
Support will be at 5752-5444.
Traders can accumulate at 5752-5444 with a stop loss of5142.
A close above 6060 closing can set a rise to 6410 and 7889.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
5926.0
|
5384.3
|
UP
|
5673.0
|
12.01
|
5444
|
5752
|
5887
|
6060
|
6368
|
*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
|
5926.0
|
8.6
|
14980
|
115.9
|
22960
|
2006.4
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
60.54
|
13.08
|
74.98
|
55.30
|
96.29
|
76.57
|
65.00
|
15.65
|
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.