Report For Date 30/11/2015
NCDEX Jeera: (Price are in INR (Rs)/Quintal)
Cover short position at 16090 or below.
Expect higher range of 16358-16973.
Breakout and close above 16690 can lead to a rally.
DRV is horizontal therefore sideways volatility cannot be ruled out.
A further breakout and close above 16690 is essential for directional movement on the upside.
Weakness can resume below 15550.
Weaker opening and correction first to 16012-15743 can be used for accumulation with a stop loss of 15550.
Sell is below 15550 with high of the week as the stop loss.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
Lt4
|
|
Hold Long
|
16090.0
|
15824.6
|
UP
|
16090.0
|
27.11
|
15128
|
15743
|
16012
|
16358
|
16973
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
16090.0
|
3.5
|
23901
|
1098.0
|
9993
|
11003.3
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
53.26
|
9.57
|
41.22
|
80.09
|
20.93
|
353.01
|
56.13
|
44.93
|
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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