MCX Nickel September 2017 Weekly: Exit Long On The Rise

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.