Report for Date: 09/07/2018
(Price figures below are in Rs/INR per Kg)
Further rise is above 5175.
Traders can buy above 5175 with low of the week as the stop loss or 4970.
Traders already long can maintain the stop loss at 4970.
Accumulate at 4771 or below with a stop loss of 4627.
On sustained rise above 5175 will extend the rise to 5409.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
5075.00
|
4356.12
|
UP
|
3191.0
|
15.09
|
4771
|
4973
|
5073
|
5175
|
5377
|
*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
|
5075.0
|
-0.2
|
64521300.0
|
-7.0
|
22260.0
|
-0.1
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
70.13
|
-0.58
|
81.83
|
37.53
|
255.90
|
8.42
|
62.03
|
-16.80
|
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.