NCDEX Jeera April’17 Weekly: Cover Short Position At Lower Range

Report For Date: 14/03/2017

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

Cover short position at 17010 or below as the opportunity arises.

Expect higher range of 17475-18450 to be tested.

Weakness will increased on fall and close below 16385.

Sell is below 16385 with high of the week as the stop loss or 17010 whichever is higher.

Buy is above 17430 with low of the week as the stop loss or 17010 whichever is lower.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	17010.00	17396.75	DOWN	16950.0	10.02	15525	16500	16965	17475	18450

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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
17010.0	1.8	38001	113.1	7560	36.5	Positive	Addition Long

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
47.95	5.88	34.60	32.89	-100.89	-4.81	54.55	28.74

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.