Report for Date: 31/12/2018
(Price figures below are in Rs/INR per Kg)
Cover short position at 3185 or below as the opportunity arises.
Expect higher range of 3308-3589 to be tested.
Weakness is below 2732.
The last bottom was 2732 and the demand zone attached to it is 2900-2732.
Lower range can attract support and the same must be used to cover short position as the opportunity arises.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
3185.00
|
3988.06
|
DOWN
|
4609.0
|
2.11
|
2746
|
3027
|
3151
|
3308
|
3589
|
*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
|
3185.0
|
-1.6
|
98156696.0
|
-7.3
|
22603.0
|
-6.8
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
28.39
|
-1.87
|
16.38
|
-20.63
|
-311.16
|
-18.53
|
20.59
|
-0.43
|
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.