Report for Date: 24/09/2018
MCX Nickel (Price figures below are in Rs/INR per Kg)
Cover short position at 954.4 or below.
Accumulate at 932.6-908.4 with a stop loss of 879.
Expect higher range of 978-1049 to be tested.
In October contract, accumulate at 937.8-914 with a stop loss of 885.
Expect higher range of 983-1051 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
954.40
|
925.88
|
UP
|
954.4
|
21.09
|
838.1
|
908.4
|
932.6
|
978.7
|
1049.0
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
954.4
|
6.8
|
51681000.0
|
-2.8
|
8879.0
|
-24.2
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
54.50
|
23.02
|
37.84
|
109.63
|
7.27
|
19.24
|
53.07
|
61.25
|
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.