Report For Date: 27/03/2017
NCDEX Jeera: (Price are in INR (Rs)/Quintal)
Addition of long position has been witnessed as open interest increased with the rise and positive candle.
Bandwidth increased with the rise which suggest that higher range can be tested.
The weekly chart showed resistance at higher level thereby upper shadow on weekly chart was witnessed.
Further rise can be seen if close is above 18515.
Higher range has the gap at 18455-18620.
Resistance will be at 18515-18620.
Weaker opening and correction first to 17768-17022 can be used for buying with a stop loss of 16850.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
17935.0
|
17517.3
|
UP
|
17935.0
|
24.03
|
15362
|
17022
|
17768
|
18682
|
20342
|
.
*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
|
17935.0
|
7.2
|
49539
|
4461.6
|
10098
|
4640.8
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
52.86
|
19.18
|
50.80
|
94.54
|
-56.08
|
46.63
|
58.80
|
39.05
|
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.