NCDEX Jeera March Weekly: Support At Lower Level

Report For Date: 12/02/2018

NCDEX Jeera March Weekly: Support At Lower Level

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

Change of contract has distorted the chart therefore we address the chart via historical support on c1 chart.

Consolidation can happen at lower support levels.

Support will be at 16153-15473.

Resistance will be at 16833-17513.

Upside movement can resume on rise and close above 16980 closing.



TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	16420.00	18939.08	DOWN	16430.0	25.01	15473	16153	16567	16833	17513

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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
16420.0	-1.0	7989	-21.2	10314	-7.8	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
32.19	-1.89	3.54	-32.04	-275.51	-605.42	18.84	-1.66

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.