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NCDEX Jeera March’17 Weekly: Exit Long On The Rise

13 Feb 2017 9:47 am
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Report For Date: 13/02/2017

NCDEX Jeera March’17 Weekly: Exit Long On The Rise

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


Exit long on rise to 17095-17527 with a stop loss of 17780.

Expect lower range of 16837-16147 to be tested.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

17095

17643

DOWN

17095.0

10.02

16147

16837

17268

17527

18217

.
*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

17095.0

-3.8

15777

-4.3

5391

-2.7

Negative

Unwinding

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

46.19

-8.00

22.64

-61.54

157.80

-35.64

45.07

-13.64

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.


       
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