NCDEX Jeera September Weekly: Accumulate at lower range

Report For Date: 04/09/2017

NCDEX Jeera September Weekly: Accumulate at lower range

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

Traders long and holding the same can maintain the stop loss at 18425.

Expect higher range of 19742-20023 to be tested.

Support is at 19358-18693.

Accumulate at 19358-18693 with a stop loss of 18425.

Further rally is above 20300.

Traders can buy above 20300 with low of the week as the stop loss or 19640 whichever is lower at the point of breakout above 20300.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	19640.0	18622.3	UP	18350.0	9.06	18693	19358	19742	20023	20688

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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
19640.0	-2.3	36753	27.9	12315	-29.8	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
56.86	-7.06	58.52	13.68	417.84	0.8	55.94	5.20

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.