Report For Date: 22/04/2019
NCDEX Chana (Price are in INR (Rs)/Quintal)
Accumulate at 4430 or below with a stop loss of 4345.
Resistance will be at 4540-4555.
Further rise is above 4555.
Traders can buy above 4555 with low of the week as the stop loss or 4477 whichever is lower.
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4477.00
|
4272.05
|
UP
|
4220.00
|
15.03
|
4320
|
4430
|
4492
|
4540
|
4650
|
*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
|
|
4477.00
|
-0.6
|
39630.0
|
-21.0
|
107090.0
|
2154.5
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
59.74
|
-2.25
|
85.52
|
-4.78
|
56.52
|
18.28
|
57.18
|
25.94
|
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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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