Report For Date: 02/03/2019
NCDEX Chana (Price are in INR (Rs)/Quintal)
Cover short position at 4146 or below.
Support at lower range of 4071-3973 can be used to cover short position.
Expect higher range of 4211-4351 to be tested.
Higher range of 4211-4351 will still attract resistance will breakout above 4358 is not witnessed.
Breakout and close above 4358 with bullish candle can resume the up trend.
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4146.0
|
4259.9
|
DOWN
|
4289.0
|
15.02
|
3931
|
4071
|
4137
|
4211
|
4351
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
|
4146.0
|
-1.0
|
55240.0
|
63.3
|
38230.0
|
20.6
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
44.06
|
-3.60
|
31.32
|
-21.38
|
19.47
|
-44.90
|
37.98
|
-4.31
|
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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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