Report For Date 17/09/2018
NCDEX Dhaniya October: Oscillation Around Drv Is Likely
NCDEX Dhaniya (Price are in INR (Rs)/Quintal)
Sideways volatility around DRV is being witnessed.
Blue color candle and horizontal DRV indicates the sideways movement and oscillation around it.
Weakness is below 5111 and strength is above 5421.
Resistance will be at 5278-5358.
Weaker opening and correction to 5198 or below can be used for buying with a stop loss of 5111.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
5235.0
|
5208.5
|
UP
|
5244.0
|
12.09
|
5118
|
5198
|
5242
|
5278
|
5358
|
*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
|
|
5235.0
|
-0.2
|
4750
|
-29.8
|
28370
|
-0.5
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
51.06
|
-1.09
|
38.05
|
14.28
|
-15.76
|
21.07
|
53.74
|
15.02
|
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Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.
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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