Report for Date: 16/07/2018
(Price figures below are in Rs/INR per Kg)
Traders long and holding the same can maintain the stop loss 4318.
Accumulate at 4666 and below to DRV-4337 with a stop loss of 4318.
Expect higher range of 5020-5374 to be tested.
Further rise is above 5035.
Traders can buy above 5035 with low of the week as the stop loss or 4681 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
4836.00
|
4337.04
|
UP
|
3238.0
|
15.09
|
4312
|
4666
|
4851
|
5020
|
5374
|
*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
|
4832.0
|
-2.0
|
667320.0
|
15.5
|
5492.0
|
16.2
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
63.08
|
-5.33
|
84.79
|
10.92
|
233.80
|
-0.49
|
50.10
|
-11.98
|
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.