Report for Date: 19/06/2017
(Price figures below are in Rs/INR per Kg)
Traders short and holding the same can maintain the stop loss at 3044.
Exit long and sell on rise from 2905-3003 with a stop loss of 3044.
Expect lower range of 2847-2691 to be tested.
The demand zone is at 2887-2702.
Lower range can be used to cover short position till 2700 is not violated on closing.
The 61.8% retracement is at 2702.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
2905.00
|
3245.85
|
DOWN
|
3244.00
|
21.04
|
2691.0
|
2847.0
|
2945.0
|
3003.0
|
3159.0
|
*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 is lower.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
2905.00
|
-2.8
|
3965100
|
50.5
|
8539
|
124.7
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
40.39
|
-10.02
|
57.41
|
-23.46
|
-670.57
|
-14.30
|
44.92
|
-26.84
|
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.