Report for Date: 11/02/2019
(Price figures below are in Rs/INR per Kg)
Hold long position if any with a stop loss of 3660.
Resistance will be at 3824-3945.
Further rise is above 4010.
Traders can buy above 4010 with low of the week as the stop loss or 3760 whichever is lower.
Alternatively, exit long till 4010 is not crossed and re-enter long if close is above 4010.
Weakness is below 3660.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
3760.00
|
3899.59
|
DOWN
|
3760.0
|
8.02
|
3331
|
3638
|
3824
|
3945
|
4252
|
*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
|
|
3760.0
|
-5.1
|
109252096.0
|
16.7
|
11019.0
|
9.8
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
43.18
|
-7.85
|
84.91
|
-10.91
|
-237.80
|
4.84
|
46.12
|
-13.24
|
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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