Report For Week Dated: 30/03/2015
NCDEX Chana Weekly (Prices are in INR (Rs)/Quintal
Exit long on rise from 3615 to 3768 as the opportunity arises.
Expect lower range of 3580-3511 to be tested.
Resistance is at 3649-3770.
A breakout and close above 3770 can lead to a near term rally.
Broadly, till 3770 is not crossed exit long as lower range of 3536-3350 could be tested.
Traders long and holding the same can keep the stop loss at 3570 and take profits on rise to higher range.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit long
|
3615.00
|
3357.85
|
UP
|
3165
|
19.12
|
3511
|
3580
|
3614
|
3649
|
3718
|
*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
|
3615.00
|
0.11
|
208080
|
-45.33
|
135540.00
|
-4.52
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
63.16
|
0.22
|
55.95
|
-24.17
|
165.56
|
-3.35
|
61.27
|
-4.41
|
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.
0 Comments 
Post Comment 
