Report For Date: 20/08/2018
NCDEX Jeera: (Price are in INR (Rs)/Quintal)
Exit long on rise from 19880-20140 as the opportunity arises.
Further rise will continue above 20885.
Traders long and holding the same can maintain the stop loss at 19420.
Upside momentum can continue if breakout and close above 20885 is witnessed.
Stochastic exit the overbought zone therefore higher range may attract resistance and profit booking.
Effect of overbought can be seen below 19420 closing.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
19880.0
|
18668.8
|
UP
|
16210.0
|
8.06
|
18900
|
19520
|
19780
|
20140
|
20760
|
.
*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
|
19880.0
|
0.2
|
15393.0
|
-38.5
|
7926.0
|
-6.9
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
67.06
|
0.31
|
70.42
|
-15.64
|
791.00
|
6.93
|
58.75
|
1.28
|
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.