NCDEX Jeera November Weekly: Expect Higher Range To Be Tested

Report For Date: 24/10/2016

NCDEX Jeera: (Price are in INR (Rs)/Quintal)

Cover short position at 16900 or below as the opportunity arises.

Expect higher range of 17235-18200 to be tested.

Addition of long position has been witnessed as open interest increased with the rise and positive candle.

Expect higher range of 17235-18200 to be tested.

Contrarian buy situation has emerged therefore accumulate at current level and on decline to 16605-
16270 with a stop loss of 15975.

A pullback towards DRV-17337 can happen if momentum sustain above the week’s open and above 16900.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	16900.0	17337.8	DOWN	17145.00	23.09	15305	16270	16605	17235	18200

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*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 INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	POSITION
16900.0	3.4	8241	37.1	9783	2711.2	Positive	Addition Long

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
47.38	11.88	21.10	134.81	109.57	-32.07	44.61	44.78

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.