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NCDEX Jeera November Weekly: Further Rise Is Above 19520

13 Nov 2017 10:10 am
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Report For Date: 13/11/2017

NCDEX Jeera November Weekly: Further Rise Is Above 19520

NCDEX Jeera: (Price are in INR (Rs)/Quintal)

Traders long and holding the same can revise up the stop loss to 18480.

Bearish candle has been witnessed and addition of short position.

Resistance will be at 18973-19182-19520.

Traders can exit long at resistance and re-enter if breakout and close above 19520 is witnessed.

Further rise is above 19520.

Correction can get deeper on fall and close below 18675.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

18855.0

18833.8

UP

18315.0

9.06

18112

18647

18973

19182

19717

.
*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

18855.0

-1.9

12048

-9.7

12282

20.4

Negative

Addition Short

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

48.09

-7.92

47.20

1.06

134.29

-23.59

45.01

-13.48

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.


       
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