Report For Week Dated: 25/05/2015
NCDEX Chana Weekly (Prices are in INR (Rs)/Quintal
Traders long and holding the same can maintain the stop loss at 4470.
Expect the peak of 5055 to be tested in due course of time.
Higher range for the week can be 4748-4871.
Indicators are moving higher which can be seen from the indicator table which shows 1-ROC of all indicator moving up.
Addition of long position has been witnessed which creates a bias for higher price from last closing of 4692.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
4692.0
|
4048.4
|
UP
|
3165.0
|
19.12
|
4502
|
4625
|
4682
|
4748
|
4871
|
*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: If trend is up then traders long can hold long position with weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
4692.0
|
2.8
|
345320.0
|
203.4
|
114490
|
2416.3
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
84.92
|
1.81
|
92.79
|
2.19
|
327.51
|
9.51
|
75.04
|
3.72
|
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.