Login ID:
Password:
Partner Login
Contact Us : 07666977977

NCDEX Jeera January’17 Weekly: Expect Higher Range To Be Tested

9 Jan 2017 10:57 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report For Date: 09/01/2017

NCDEX Jeera January’17 Weekly: Expect Higher Range To Be Tested

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

Expect higher range of 18528-19043 to be tested.

Weakness can resume below 17800.

Support for the week can be at 18207-18013-17800.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

18335.00

17481.47

UP

17810.0

30.1

17498

18013

18207

18528

19043

.
*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

18335.0

2.9

11172

-1.0

2916

-25.0

Positive

Unwinding

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

50.14

13.50

70.54

67.54

-80.69

15.64

64.86

25.06

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.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 Special Reports
India Cotton Shipments Up 4% Y/y in 2016/17
Weekly: Spot Jeera Edges Higher; Buyers Cautious On Exp...
Weekly: Raw Pulses Widen Loss Amid Lackluster Demand In...
CBOT Soybeans Closed Higher for the Week; China Buying ...
Cotton Weekly: Large Crop Prospect Weighs on Indian Mar...
Copyright © CC Commodity Info Services LLP. All rights reserved.