MCX Nickel January 2018 Weekly: Expect Higher Range To Be Tested

Report for Date: 08/01/2018

MCX Nickel January 2018 Weekly: Expect Higher Range To Be Tested

MCX Nickel (Price figures below are in Rs/INR per Kg)


Hold long position with a stop loss of 738.

Expect higher range of 812-843 to be tested.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	794.30	711.66	UP	739.1	15.12	749	780	798	812	843

*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
794.3	1.4	46087248	55.7	9572	129.3	Negative	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
60.19	2.16	87.41	27.74	25.96	6.47	61.77	0.15

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.