Report for Date: 17/12/2018
(Price figures below are in Rs/INR per Kg)
Traders short and holding the same can maintain the stop loss at 3867.
Support will be at 3599-3464.
Near term upside for pullback will resume above 3867.
Movement for near term can be in the band of 3867 to 3464.
Downside momentum will continue below 3464.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
3690.00
|
4261.34
|
DOWN
|
4609.0
|
2.11
|
3400
|
3599
|
3707
|
3798
|
3997
|
*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
|
3690.0
|
-4.1
|
88166000.0
|
-26.9
|
14949.0
|
16.5
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
34.32
|
-6.07
|
19.27
|
51.62
|
-201.77
|
-22.34
|
26.17
|
-10.71
|
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.