Report for Date: 28/11/2016
(Price figures below are in Rs/INR per Kg)
Traders short and holding the same can cover at 3143 or below and maintain the stop loss at 3359.
Objective is to cover short position at 3120 or below.
Overall band of movement is 3464 to 2631.
Narrower band can be 3464 to 2879.
Lower range of 310-2923 can be used for accumulation with a stop loss of 2879.
Downside momentum will resume on fall and close below 2879.
Traders long may use rise to 3198-3230-3317 as the opportunity arises.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
3198.00
|
3044.20
|
UP
|
3111.0
|
18.11
|
2923
|
3120
|
3240
|
3317
|
3514
|
*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
|
3198.0
|
2.8
|
74707400
|
11.3
|
11180
|
206.9
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
53.88
|
4.65
|
36.01
|
95.72
|
51.38
|
5.19
|
51.39
|
10.83
|
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.