NCDEX Jeera April’17 Weekly: Movement Out Of Band 16385-17430

Report For Date: 20/03/2017

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

Cover short position at 16865 or below as the opportunity arises.

Expect higher range of 17067-17467 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 16865 whichever is higher.

Buy is above 17430 with low of the week as the stop loss or 16765 whichever is lower.

Overall weakness is below the 61.8% retracement level of 15830.

Contraction of movement has already been witnessed.

Expansion of movement could happen in near term out the band of 16385-17430.

TREND INFORMATION WITH WEEKLY LEVELS

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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

TECHNICAL INDICATORS TABLE

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.