Report For Date: 02/04/2018
NCDEX Dhaniya April Weekly: Exit Long On The Rise
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Exit long on rise from 5028 to 5078-5181 as the opportunity arises.
Lower range can be 4975-4872.
Harami Cross has been formed on the weekly candle chart which suggests downside momentum below 4972.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
5028.0
|
5341.4
|
DOWN
|
5371.0
|
16.03
|
4872
|
4975
|
5025
|
5078
|
5181
|
*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
|
5028.0
|
0.8
|
17800
|
-16.4
|
16730
|
-25.1
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
42.94
|
2.16
|
5.16
|
-40.44
|
3.87
|
-89.09
|
33.66
|
-2.24
|
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.