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NCDEX Dhaanya Index: Expect Lower Range To Be Tested

23 Sep 2016 10:25 am
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Report For Date: 23/09/2016

NCDEX Dhaanya Index: Expect Lower Range To Be Tested

Expect lower range of 3169-3149 to be tested.

Exit long and sell on rise 3188 or above with a stop loss of 3233.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

3179.02

3211.11

DOWN

3194

20.09

3149

3169

3178

3188

3208

*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


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