Report For Date: 18/03/2019
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Resistance will be at 6513-6650.
Lower range is at 6324-5998.
Sideways volatility and oscillation around WRV-6550 can happen.
Traders short and holding the same can maintain the stop loss at 6701.
Lower range can be used to cover short position.
Upside movement can resume if sustains above 6701 with bullish candle at the end of the week.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
6462.0
|
6550.8
|
DOWN
|
6866
|
11.01
|
5998
|
6324
|
6513
|
6650
|
6976
|
*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
|
|
6462.0
|
0.7
|
48330.0
|
70.8
|
22770.0
|
-5.3
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
49.53
|
2.14
|
52.96
|
31.88
|
24.96
|
-22.37
|
45.75
|
7.93
|
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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