NCDEX Jeera September Weekly: Exit Long On The Rise

Report For Date: 13/08/2018

NCDEX Jeera: (Price are in INR (Rs)/Quintal)

Exit long on rise from 19840 to 20423 as the opportunity arises.

Lower range for the week can be 19513-18603.

Further rise can resume above 20885.

Near term correction towards DRV-18514 is likely with volatility therefore initial rise till 20885 is not crossed can be used to exit long.


TREND INFORMATION WITH WEEKLY LEVELS

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*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

TECHNICAL INDICATORS TABLE

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.