Report for Date:09/07/2018
MCX Nickel (Price figures below are in Rs/INR per Kg)
Exit long from 958 to 1002 as the opportunity arises.
Resistance will be at 978-1002.
Lower range is at 935-868.
Correction towards DRV-928 is likely to be tested.
Traders can accumulate at DRV-928 or below with a stop loss of 920.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
958.9
|
928.1
|
UP
|
739.1
|
15.12
|
868
|
935
|
978
|
1002
|
1069
|
*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
|
958.9
|
-6.2
|
56734748.0
|
21.0
|
7063.0
|
310.6
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
55.06
|
-16.96
|
35.15
|
-44.13
|
52.92
|
-10.87
|
37.80
|
-36.01
|
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.