NCDEX Dhaniya October 2017: Exit Long On The Rise



NCDEX Dhaniya October 2017: Exit Long On The Rise

22 Sep 2017 10:16 am

0 Comments

Post Comment

Font Size A A A

Report For Date: 22/09/2017

NCDEX Dhaniya October 2017: Exit Long On The Rise NCDEX Dhaniya (Price are in INR (Rs)/Quintal)

Exit long and sell on rise from 4774 to 4897 with a stop loss of 4951.

Expect lower range of 4703-4509 to be tested.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	4774.0	4940.2	DOWN	5121.0	31.08	4509	4703	4827	4897	5091

*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.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	% V INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	STRATEGY
4774.0	-2.5	7790	18.6	32060	-4.6	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
39.06	-14.19	57.18	4.41	-57.10	-8.05	40.65	-26.35

Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum.

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.

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

Latest TechAnalysis Report
	Turmeric (Jun 24) Neutral Trend / Sell on Breakout / S...
	Spices Jeera (May 24) Bearish Trend / Sell at CMP / K...
	Coriander (May 24) Bearish Trend / Sell at CMP / Key R...
	Turmeric (Jun 24) Bearish Trend / Sell at CMP / Key Re...
	Spices Jeera (May 24) Bearish Trend / Sell at CMP / K...
more

Top 5 News
	Cotton Candy (May 24) Bearish Trend / Sell on Rise / K...
	Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price...
	Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips...
	Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips...
	Base Metals Copper (Apr 24) Bullish Trend / Buy on Di...

Top 5 Special Reports
	US cotton net export sales for April 5-11 at 146,100 RB...
	US soybean net sales for April 5-11 at 485,800 MT, up 5...
	Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...
	Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa...
	Mumbai Black Matpe (Urad) Trending Higher / Next Resis...