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NCDEX Chana Sep’17: Hold Long Positions

17 Aug 2017 9:41 am
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Report For Date: 17/08/17


NCDEX Chana Sep’17: Hold Long Positions

NCDEX Chana: (Price are in INR (Rs)/Quintal)

The trend is sideways in Chana futures on NCDEX.

Sep 2017 Futures contract settled at Rs 5520 per Quintal Wednesday.

Keep a stop loss of 5350 for any long positions.

Book profits on higher levels to 5580 – 5680 levels or above as the opportunity arises.

TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 5520.00 5533.28 SW N/A N/A 5324 5451 5509 5578 5705


*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
5520.0 -0.3 38440 39.3 15060 -16.8 Positive Unwinding







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.

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