NCDEX Chana Oct’17: Expect Lower Levels To Be Tested 23 Sep 2017 10:59 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 25/09/17 NCDEX Chana Oct’17: Expect Lower Levels To Be Tested NCDEX Chana: (Price are in INR (Rs)/Quintal) The trend is down in Chana futures on NCDEX. Oct 2017 Futures contract settled at Rs 5798 per Quintal Friday. The prices movement is unfolding in the predicted manner as we had warned traders if support of 6110 breach prices may fall towards 5750 levels. The similar thin is happening in the market after prices breach key support of 6110. Expect further decline towards 5700 – 5640 levels. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Short 5798.00 6008.23 DOWN 5979 21.09 5513 5722 5854 5931 6140 *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 5798.0 -3.0 49700 59.9 25500 -8.6 Negative Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 41.67 -16.67 12.79 -50.31 93.54 -25.49 23.13 -39.14 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... Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... Base Metals Zinc (May 24) Bullish Trend / Buy on Dips... Base Metals Lead (May 24) Bullish Trend / Buy at CMP ... Base Metals Copper (May 24) Bullish Trend / Buy at CM... Top 5 Special Reports Akola Pigeon Pea (Tur) Desi Bilty Trending Higher / Ne... Castor Oil (Kadi) Weak Price Trend / Next Support at R... Mumbai Masur Canada Crimson Container Weak Price Trend... Mustard Oil (Jaipur) Trending Lower / Next Support at ... Weekly: ICE cotton futures extend decline; no respite f...