MCX Mentha Oil April: Cover Short Position

Report For Date: 26/03/2018

MCX Mentha Oil April: Cover Short Position

MCX Mentha Oil (Price are in INR )

Traders short can maintain the stop loss of 1334.

Cover short position at 1267 or below as the opportunity arises.

Weakness will continue below 1143.

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	1267.7	1400.7	DOWN	1424.80	9.02	1003	1175	1254	1347	1519

*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 -G/L%	OPEN INTEREST	OI -G/L %	CANDLE	POSITION
1267.7	5.7	2158200	204.5	1093	84.3	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
42.69	11.97	20.19	202.51	-23.00	-55.04	40.78	77.61

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.