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NCDEX Jeera December Weekly: Resistance At Higher Range

1 Dec 2018 1:19 pm
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Report For Date: 03/12/2018


NCDEX Jeera: (Price are in INR (Rs)/Quintal)

Traders short and holding the same can maintain the stop loss of 18930.

Expect lower range of 18248-17198.

Resistance will be at 19298-20348.

Lower range can be 18248-17198.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

18640.00

18837.54

DOWN

18640.0

30.11

17198

18248

18907

19298

20348

.

*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.



PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

18640.0

-3.9

12669.0

35.4

3168.0

-30.0

Negative

Unwinding



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

48.83

-10.65

6.69

-65.66

550.20

-17.64

34.36

-11.86




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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