Login ID:
Password:
Partner Login
Contact Us : 07666977977

MCX Silver March 2017 Weekly: Further Rise Is Above 42500 Closing

6 Feb 2017 12:46 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 06/02/2017


MCX Silver (Price figures below are in Rs/INR per Kg)

Traders by chance long and holding the same can maintain the stop loss at 41300.

Resistance will be at 42410-43578.

Further rise can continue above 42500 closing.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

41797.00

41677.54

UP

41797.00

3.02

40074

41242

41855

42410

43578


*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

41797.0

0.9

2185920

41.0

13165

-0.8

Indecisive

Unwinding



TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

50.82

3.26

81.92

4.32

-438.98

17.76

67.14

6.88








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
Technical: Guar Gum Jodhpur Spot : Accumulate At Lower ...
Technical : Guar Seeds Bikaner Spot : Sideways Phase Is...
Technical : Cotton Seed Kadi Spot : Trying to Fetch Sup...
Cotton Weekly: Good Demand Supports Indian Market
Weekly: White Pea Firm For Second Straight Week; Other ...
Copyright © CC Commodity Info Services LLP. All rights reserved.