Report for Date: 17/09/2018
MCX Natural Gas (Price figures below are in Rs/INR per Kg)
Hold long position with a stop loss of 186.
Resistance is at 202-204.9-209.
Traders can buy above 209 with low of the week as the stop loss or 199 whichever is lower.
Accumulate at 196.8-188.7 with a stop loss of 186.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
199.70
|
195.56
|
UP
|
196.50
|
3.08
|
188.7
|
196.8
|
202.0
|
204.9
|
213.0
|
*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
|
|
199.7
|
-0.5
|
193122496.0
|
-2.3
|
4138.0
|
3.8
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
53.31
|
-1.46
|
54.96
|
-23.66
|
3.78
|
-7.13
|
48.14
|
-5.81
|
.png)
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.
0 Comments 
Post Comment 
