NCDEX Jeera November Weekly: Further Correction Is Below 18480 Closing

Report For Date: 23/10/2017

NCDEX Jeera November Weekly: Further Correction Is Below 18480 Closing

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

Traders long and holding the same can revise up the stop loss to 18480.

Accumulate at 18945-18767 with a stop loss of 18480.

Expect higher range of 19092-19417 to be tested.

Add long position if breakout and close above 19400 is witnessed.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	18945.0	18726.3	UP	18350	9.06	18442	18767	18913	19092	19417

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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
18945.0	-1.9	6180	-29.3	9807	514.5	Indecisive	Addition long/Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
49.30	-7.27	37.27	5.97	231.55	-17.71	38.20	-20.94

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.