NCDEX Jeera March’17 Weekly: Exit Long On The Rise

Report For Date: 20/02/2017

NCDEX Jeera March’17 Weekly: Exit Long On The Rise

NCDEX Jeera: (Price are in INR (Rs)/Quintal)

Further weakness is below 16770.

Resistance will be at 17293-17718.

Expect minor pullback towards higher range.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	17130	17628	DOWN	17095.0	10.02	16443	16868	17032	17293	17718

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*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 INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	POSITION
17130.0	0.2	13974	-11.4	4749	-11.9	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
46.43	0.51	11.44	-49.47	89.94	-43.00	47.43	5.25

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.