Report for Date: 15/10/2018
MCX Gold (Price figures below are in Rs/INR per Kg)
Weaker opening and correction first to 31687-31361 can be used for buying with a stop loss of 31000.
Expect higher range of 32173-32985.
Breakout above the last peak of 31620 has been witnessed.
As a result of the breakout expect a rally towards 33100.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
31846.00
|
30392.53
|
UP
|
30129.00
|
31.08
|
30549
|
31361
|
31687
|
32173
|
32985
|
*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
|
|
31846.0
|
2.4
|
46228000.0
|
4546.0
|
14067.0
|
234350.0
|
Positive
|
Addition Long
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
66.07
|
11.02
|
77.27
|
8.77
|
153.53
|
213.67
|
63.10
|
17.58
|
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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.
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