Report for Date: 30/07/2018
MCX Silver (Price figures below are in Rs/INR per Kg)
Exit long on rise to 38326-38677 as the opportunity arises.
Expect lower range of 37989-37301 to be tested.
Sideways volatility and oscillation around DRV has been witnessed and is likely to continue.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
38326.00
|
39278.17
|
DOWN
|
39046.0
|
13.07
|
37301
|
37989
|
38340
|
38677
|
39365
|
*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
|
38326.0
|
-0.3
|
1939920.0
|
-7.3
|
23509.0
|
8.0
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
44.05
|
-1.56
|
19.29
|
-25.96
|
-13.62
|
-118.84
|
21.85
|
-0.03
|
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.