Report For Date: 17/09/2018
MCX Mentha Oil (Price are in INR )
Hold long position with a stop loss of 1440.
Correction to DRV-1592 can be used for buying.
Traders already long may take profits or exit long on rise from 1721-1815.
Traders can re-enter long trades above 1815 with low of the week as the stop loss.
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
1721.20
|
1592.40
|
UP
|
1376.5
|
29.06
|
1582.7
|
1684.4
|
1749.4
|
1786.1
|
1887.8
|
*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
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
1721.2
|
-1.3
|
2099160.0
|
-27.7
|
1241.0
|
-5.8
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
57.36
|
-1.64
|
59.43
|
-22.43
|
102.32
|
-0.08
|
55.28
|
-3.47
|
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.