Report for Date: 29/10/2018
(Price figures below are in Rs/INR per Kg)
Bearish candle continue to be witnessed for last couple of weeks and price fall towards WRV has been witnessed.
Correction within the up trend has been witnessed.
Uptrend is said because close is above WRV-4789.
Lower high and lower low has been witnessed for last 3 weeks with bearish candle.
Up move will resume by testing WRV and a higher low and higher high with bullish candle is required.
Last week high was 5135.
A rise and close above 5135 with bullish candle is required to show a halt to the correction.
Support can be witnessed around WRV or below.
Accumulate on fall during the week to 4783 or below with a stop loss of 4525.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
4951.00
|
4789.53
|
UP
|
3191.00
|
15.09
|
4532
|
4820
|
4978
|
5108
|
5396
|
*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
|
|
4951.0
|
-2.5
|
66347300.0
|
20.2
|
8320.0
|
190.9
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
53.67
|
-6.18
|
24.81
|
-51.73
|
200.49
|
-10.76
|
39.19
|
-12.11
|
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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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