Report for Date: 11/06/2018
(Price figures below are in Rs/INR per Kg)
Traders by chance short and holding the same can maintain the stop loss at 4479.
Correction will continue below 4300.
Pullback rise to the fall from 4977 will resume if sustain above 4479.
Traders can buy above 4479 with low of the week as the stop loss or 4300 whichever is lower.
Accumulate at 4243 or below with a s top loss of 4015.
Support could be seen around DRV-4243.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
4445.00
|
4243.11
|
UP
|
3191.00
|
15.09
|
4166
|
4340
|
4410
|
4514
|
4688
|
*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 is lower.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
4445.0
|
0.4
|
58072800.0
|
-2.1
|
9813.0
|
-25.2
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
57.39
|
0.75
|
16.08
|
-61.30
|
223.22
|
-7.80
|
57.81
|
3.82
|
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.