Report For Date: 21/05/2018
NCDEX Jeera: (Price are in INR (Rs)/Quintal)
Near term rise can resume on rise and close above 16380.
Support will be at 15560-15430.
Resistance will be at 15900-16095.
The band of movement is 16380-15430.
Traders by chance short and holding the same can maintain the stop loss at 16380.
Exit long and sell on rise to 15900-16095 with a stop loss of 16380.
Lower range for the week can be 15560 or below.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
15755.0
|
16217.4
|
DOWN
|
17690.0
|
22.12
|
15025
|
15560
|
15900
|
16095
|
16630
|
.
*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
|
|
15755.0
|
-0.9
|
10869
|
-28.4
|
5373
|
7.8
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
42.34
|
-2.52
|
45.34
|
-11.05
|
-677.76
|
6.87
|
53.97
|
-6.92
|
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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.
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