NCDEX Jeera April’17 Weekly: Cover Short Position At Lower Range

Report For Date: 06/03/2017

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

The higher bottom was at 15850 and the demand zone is at 16400-15800.

Traders short and holding the same can maintain the stop loss at 17100.

Lower range for the week is 16378-15708.

Lower range can be used to cover short position.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	16710.00	17397.56	DOWN	16950.0	10.02	15708	16378	16717	17048	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
16710.0	-2.3	17835	177.9	5538	62.6	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
45.28	-6.18	26.03	9.49	-96.26	-59.44	42.37	-26.20

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.