NCDEX Dhaniya April Weekly: Further Rise Is Above 5579

Report For Date: 19/03/2018

NCDEX Dhaniya April Weekly: Further Rise Is Above 5579

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

Exit log on rise from 5371 or above as the opportunity arises.

Resistance will be at 5411-5490.

Lower range can be 5291-5092.

Retracement levels are placed at 5142 and 4935.

A rise and close above 5579 can end the correction and resume the upside movements.

Traders can re-enter long on sustained rise and close above 5579 with low of the week as the stop loss or 5331 whichever is lower.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	5371.0	5415.1	DOWN	5371.0	16.03	5092	5291	5411	5490	5689

*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
5371.0	-2.2	12050	18.1	22780	1.5	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
49.13	-4.96	16.85	-33.13	78.81	-18.25	42.47	-9.35

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.