Report For Date: 22/10/2018
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Traders long and holding the same can maintain the stop loss at 5040.
Accumulate at 5515-5281 with a stop loss of 5040.
Expect higher range of 5881-6481 to be tested.
On sustained breakout and close above 5440 expect a rally to 6182.
A new rally is likely to emerge which can scale the prices higher up to 6725 or above.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
5646.00
|
4935.84
|
UP
|
5041.0
|
12.10
|
4681
|
5281
|
5515
|
5881
|
6481
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders can hold long position with WRV as the closing stop loss and close > WRV. Traders can hold short position with WRV as the closing stop loss and close < WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
STRATEGY
|
|
5646.0
|
12.0
|
33630.0
|
48.9
|
17850.0
|
1633.0
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
65.66
|
21.08
|
72.20
|
33.35
|
48.45
|
565.07
|
71.16
|
29.35
|
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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.
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