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NCDEX Chana November: Resistance Will Be At Higher Range

11 Oct 2018 9:56 am
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Report For Date: 11/10/2018


NCDEX Chana November:
Resistance Will Be At Higher Range

NCDEX Chana (Price are in INR (Rs)/Quintal)

Hold long position with a stop loss of 4100.

Traders can take profits at 4180 to 4220 and re-enter if close is above 4239.


CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
4164 4127 UP 4069 27.09 4107 4144 4161 4181 4218

*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 closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE PRICE G/L% VOLUME V -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION
4164.0 0.2 19110 -23.3 51130 2.5 Indecisive Unwinding

TECHNICAL INDICATORS TABLE

RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
57.6 1.1 44 -35.9 29 3.6 59.97 25.50





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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