Report For Date: 19/02/2018
NCDEX Jeera: (Price are in INR (Rs)/Quintal)
The C1 chart shows the fall with gap down on account of variation in the contract spread.
A fall was seen with bearish candle and addition of short position as well.
Resistance will be at 16063-17232.
Lower range can be 15532-14682.
Exit long and sell on rise from 16063-16382 as the opportunity arises with a stop loss of 16910.
Demand zone can be at 13700-13000 and the same could be tested in near term with volatility.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
15850.0
|
18518.7
|
DOWN
|
16430
|
25
|
14682
|
15532
|
16063
|
16382
|
17232
|
.
*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
|
15850.0
|
-3.5
|
5595
|
-30.0
|
10551
|
2.3
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
30.14
|
-6.37
|
3.52
|
-0.64
|
-501.07
|
-81.87
|
16.67
|
-11.54
|
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.