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NCDEX Dhaniya April: Key Support Breaks

13 Feb 2018 12:26 pm
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Report For Date: 14/02/2018


NCDEX Dhaniya April:
Key Support Breaks

NCDEX Dhaniya (Price are in INR (Rs)/Quintal)

The trend is down.

Key support of 5600 has broken.

Long positions have stopped out.

Exit any pending long positions on rise to 5664 – 5770 levels or above as the opportunity arises.

Wait for fresh positions for the time-being.

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Exit Long 5588 5921.7 DOWN 6131.0 11.01 5214 5489 5664 5764 6039



*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.


PRICE, VOLUME AND OPEN INTEREST STRATEGY


LAST CLOSE PRICE G/L% VOLUME V -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION
5588.0 -2.2 4920 75.7 23120 1.2 Negative Addition Short


TECHNICAL INDICATORS TABLE


RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
35.7 -11.5 13 -44.1 -89 -14.0 22.32 -20.48




Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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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