Report for Date: 11/09/2017
MCX Nickel September 2017 Weekly: Exit Long On The Rise
MCX Nickel (Price figures below are in Rs/INR per Kg)
Exit long on rise from 734 to 769 as the opportunity arises.
Expect lower range of 716-662 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
734.00
|
681.72
|
UP
|
656.9
|
28.07
|
662.2
|
715.7
|
750.8
|
769.2
|
822.7
|
*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
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
734.0
|
-5.1
|
49996000
|
39.1
|
10017
|
-3.9
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
62.95
|
-12.94
|
80.09
|
-12.67
|
19.81
|
21.57
|
65.18
|
-25.03
|
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.