Report for Date: 23/05/2016
MCX Natural Gas (Price figures below are in Rs/INR per Kg)
Exit long on rise from 138.7 to 148.
Support is at 133 and 126.
The band of movement is 126 to 148.
Sell on rise to 141.9 or above with a stop loss of 148.
Sell on fall below 133 with high of the week as the stop loss or 139 whichever is higher.
Buy above 148 with low of the week as the stop loss or 138 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
138.7
|
143.9
|
DOWN
|
142.9
|
15.01
|
126.5
|
134.2
|
137.5
|
141.9
|
149.6
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
138.7
|
-1.9
|
284835008
|
-11.9
|
7967
|
29.2
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
49.14
|
-2.77
|
63.76
|
-14.95
|
-3.33
|
12.91
|
48.39
|
-6.75
|
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.