NCDEX Dhaanya Index: Further Rise Is Above 3411 Closing

Report For Date: 26/07/2016

NCDEX Dhaanya Index: Further Rise Is Above 3411 Closing

Traders long and holding the same can maintain the stop loss at 3350.

Use rise from 3367 to 3411 to exit long position in agri commodities.

Correction and consolidation can happen below 3411 before making attempt to cross 3411.

Upside momentum in agri commodities can be seen above 3411.

TREND INFORMATION WITH INTRA-DAY LEVELS

*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.

TECHNICAL INDICATORS TABLE