NCDEX Dhaanya Index: Exit Long On The Rise

Report For Date: 20/09/2016

NCDEX Dhaanya Index: Exit Long On The Rise

Correction or down movement can resume once again as bearish candle was formed after the attempt of pullback.

Resistance is at 3206-3221-3264.

Expect 3179-3137 to be tested.

Exit long on agri-commodities on the rise to resistance levels.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	3194.40	3213.04	DOWN	3194	20.09	3137	3179	3206	3221	3264

*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- View Full Image
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