NCDEX Chana Oct’17: Exit Long Positions 22 Sep 2017 9:53 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 22/09/17 NCDEX Chana Oct’17: Exit Long Positions NCDEX Chana: (Price are in INR (Rs)/Quintal) The trend is up but a short-term reversal is on the cards in Chana futures on NCDEX. Oct 2017 Futures contract settled at Rs 5979 per Quintal Thursday. The crucial trendline and support of 6110 has broken. Ideally, exit any pending long positions on rise to 5990 – 6030 levels or above as the opportunity arises. On further fall, prices may test support of 5900 – 5750 in coming sessions. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Exit Long 5979.00 6032.50 DOWN 5979 21.09 5858 5942 5990 6026 6110 *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. PRICE, VOLUME AND OPEN INTEREST STRATEGY Last Close Price G/L% Volume V -G/L% Open Interest OI -G/L % Candle Position 5979.0 -1.0 31090 -11.9 27910 5.5 Negative Addition Short TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 50.00 -6.06 25.75 7.03 125.53 -14.70 38.01 -9.77 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. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Base Metals Zinc (May 24) Bullish Trend / Buy on Dips... Mentha Oil (Apr 24) Neutral Trend / Buy on Breakout / ... Base Metals Lead (May 24) Bullish Trend / Buy on Dips... Base Metals Copper (May 24) Bullish Trend / Buy at CM... Top 5 Special Reports US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Castor Oil (Kadi) Weak Price Trend / Next Support at R...