NCDEX Dhaanya Index: Correction Is In Progress

Report For Date: 3/05/2016 NCDEX Dhaanya Index: Correction Is In Progress Correction is in progress. Expect lower range of 2926-2883 can be tested. Retracement levels of the last rally from 2655 to 3040 are placed at 2896-2851-2800. Correction to retracement levels likely to resuming up movement again. Overall breakout and close above 3044 will be required. Higher range of 2969-3011 can be used to take profits in agri-commodities. TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	2941.64	2937.88	UP	2721	8.03	2883	2926	2953	2969	3011

*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	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
51.35	-6.77	14.61	-37.29	29.30	-13.92	-	-

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.