Report for Date: 05/11/2018
MCX Nickel (Price figures below are in Rs/INR per Kg)
Traders short and holding the same can maintain the stop loss at 882.
Correction will continue below 850.
Sell is below 850 with high of the week as the stop loss or 871 whichever is higher.
Retracement levels are at 807 and 750.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
870.40
|
920.57
|
DOWN
|
914.30
|
19.10
|
823.3
|
853.7
|
867.3
|
884.1
|
914.5
|
*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
|
|
870.4
|
0.7
|
38213248.0
|
-13.8
|
14409.0
|
-3.4
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
42.69
|
2.49
|
17.24
|
-43.24
|
-5.97
|
-145.62
|
26.22
|
-6.20
|
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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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