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MCX Nickel September 2017 Weekly: Exit Long On The Rise

19 Sep 2017 10:39 am
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Report for Date: 18/09/2017


MCX Nickel September 2017 Weekly: Exit Long On The Rise

MCX Nickel (Price figures below are in Rs/INR per Kg)

Exit long on rise from 710-752 as the opportunity arises.

Expect lower range of 681-610 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 710.60 684.02 UP 656.9 28.07 610.1 681.1 722.5 752.1 823.1

*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

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close Price G/L% Volume V -G/L% Open Interest OI -G/L % Candle Position
710.6 -3.2 67687752 35.4 16102 60.7 Negative Addition Short

TECHINCAL INDICATORS TABLE




RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
58.18 -7.57 66.06 -17.52 20.59 3.97 59.42 -8.84





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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