Report For Date:11/09/2017
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 18760.
Support will be at 19550-19240.
Resistance will be at 19860-20170.
Further rise is above 20300.
Accumulate at 19550-19240 with a stop loss of 18760.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
19715.0
|
18672.6
|
UP
|
18350.0
|
9.06
|
19240
|
19550
|
19695
|
19860
|
20170
|
.
*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
|
19715.0
|
0.4
|
10632
|
-71.1
|
9612
|
-21.9
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
57.38
|
0.92
|
71.08
|
21.46
|
421.23
|
0.8
|
54.00
|
-3.46
|
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.