Report For Date: 04/06/2018
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Traders short need to maintain the stop loss at 4600.
Resistance is at 4398-4522-4600.
Lower range is at 4197-3872.
The last swing bottom was at 4272 and the demand zone along with it is 4550-4272.
The low registered last week was 4275.
Reversal can be witnessed if rise and weekly close above 4600 with bullish candle.
Reversal can be first if any for a pullback towards DRV-4321.
On sustained fall and close below 4272 with bearish candle can extend the slide.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
4321.0
|
4983.7
|
DOWN
|
5371.0
|
16.03
|
3872.3
|
4197.3
|
4398.7
|
4522.3
|
4847.3
|
*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
|
4321.0
|
-4.8
|
37120.0
|
27.9
|
21510.0
|
-30.5
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
32.17
|
-9.80
|
9.48
|
-27.19
|
-199.16
|
-20.97
|
16.56
|
-18.82
|
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.