MCX Nickel October 2017 Weekly: Next Directional Movement Outside Band 9 Oct 2017 12:26 pm   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 09/10/2017 MCX Nickel October 2017 Weekly: Next Directional Movement outside Band MCX Nickel (Price figures below are in Rs/INR per Kg) Traders long and holding the same can maintain the stop loss at 665. Resistance is at 706-708. Further rise is above 708 with low of the day stop loss or 693 whichever is lower. Correction will continue below 665. Next term band of movement is likely to be 665-708. Directional movement is outside the band. TREND INFORMATION WITH WEEKLY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold long 693.20 684.66 UP/Sideways 656.9 28.07 658.4 682.2 694.9 706.0 729.8 *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 693.2 0.2 43961248 3.4 18898 211.8 Indecisive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 54.75 0.49 18.85 -21.52 17.40 -4.59 53.72 0.10 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.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Domestic Weekly Technical Analysis MCX : Lead & Zinc Weekly Chart MCX : Aluminum & Copper Weekly Chart MCX : Lead & Zinc Weekly Chart MCX : Aluminum & Copper Weekly Chart MCX : Lead & Zinc Weekly Chart more Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Akola Pigeon Pea (Tur) Desi Bilty Trending Higher / Ne... Castor Oil (Kadi) Weak Price Trend / Next Support at R... Mumbai Masur Canada Crimson Container Weak Price Trend...