Report for Date: 17/10/2016
(Price figures below are in Rs/INR per Kg)
Traders long can revise up the stop loss to 3279.
Further rise is above 3442 closing.
Higher range for the week can be 3425-3587.
Traders can buy if further breakout and close above 3442 is witnessed.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
3339.0
|
3025.8
|
UP
|
2978.0
|
23.09
|
3104
|
3265
|
3353
|
3426
|
3587
|
*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 is lower.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
3339.0
|
0.5
|
68349696
|
-18.8
|
14023
|
-12.5
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
59.45
|
0.64
|
86.85
|
26.29
|
84.07
|
19.35
|
66.58
|
3.67
|
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.