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NCDEX Jeera November Weekly: Accumulate At Lower Range

20 Nov 2017 10:30 am
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Report For Date: 20/11/2017


NCDEX Jeera November Weekly: Accumulate At Lower Range

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

Hold long position with a stop loss of 18675.

Accumulate at weaker opening and correction to 19527-19093 with a stop loss of 18675.

Expect higher range of 20298-21503 to be tested.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 19865.0 18848.8 UP 18315 9.06 17888 19093 19527 20298 21503
.
*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
19865.0 5.4 17433 44.7 13674 11.3 Positive Addition Long
TECHNICAL INDICATORS TABLE
RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
58.00 20.61 63.41 34.35 175.92 31.01 68.09 51.28
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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