Report For Date: 20/08/2018
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Correction of the last rise from 4242 to 5311 is being witnessed now with support at 4788-4556.
Resistance is at 5020-5252-5311.
Sideways volatility and oscillation around DRV-4929 could be happening.
Traders long and holding the same can maintain the stop loss at 4770.
Further rise is above 5311 closing. Traders long may use rise to 5020 or above to exit long.
Stochastic overbought exit suggest minor correction or sideways volatility for consolidation before making attempts to move higher above 5311 in due course of time.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
4884.0
|
4929.4
|
DOWN
|
4884
|
17.08
|
4556
|
4788
|
4924
|
5020
|
5252
|
*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
|
4884.0
|
-2.9
|
26320.0
|
-30.1
|
38790.0
|
5.2
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
47.34
|
-7.17
|
62.73
|
-18.31
|
-87.66
|
7.48
|
38.48
|
-13.31
|
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.