Report for Date: 15/10/2018
(Price figures below are in Rs/INR per Kg)
Exit long on rise from 5243 or above.
Resistance will be at 5350-5488-5669.
Traders long can take profits at higher range as the opportunity arises.
Upside momentum will continue above 5669 and till then traders can use rise to exit long and take profits.
Near term correction 5104-4720 can be witnessed.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
5243.00
|
4769.62
|
UP
|
3191.0
|
15.09
|
4720
|
5104
|
5350
|
5488
|
5872
|
*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 is lower.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
5243.0
|
-5.5
|
61430200.0
|
14.8
|
8034.0
|
-52.8
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
62.29
|
-15.00
|
74.11
|
-18.16
|
240.26
|
-0.20
|
55.67
|
-25.33
|
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.