Report for Date: 10/07/2017
(Price figures below are in Rs/INR per Kg)
Cover short position at 2774 or below as the opportunity arises.
Resistance will be at 2924-3014-3075.
Lower range for the week will be at 2774-2534.
Last bottom was at 2631 and the demand zone attached to it was 2820-2631.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
2863.00
|
3164.37
|
DOWN
|
3213.0
|
26.05
|
2534
|
2774
|
2924
|
3014
|
3254
|
*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
|
2863.0
|
-3.5
|
79594400
|
35.6
|
16565
|
-11.2
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
39.95
|
-6.75
|
26.36
|
47.33
|
-113.50
|
-6.75
|
36.41
|
-20.16
|
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.