NCDEX Dhaanya Index: Expect Support At Lower Range

Report For Date: 28/09/2016

NCDEX Dhaanya Index: Expect Support At Lower Range

Expect support at lower range of 3135-3107.

Resistance will be at 3140-3163.

Band of movement is 3136 to 3232.

Currently, Dhaanya Index is testing the lower side of the band.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	3147.10	3204.95	DOWN	3194	20.09	3107	3135	3150	3163	3191

*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

RSI	1-ROC-RSI	View Full Image
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