Report For Date: 02/03/2019
MCX Cardamom Oil (Price are in INR )
Correction is being witnessed on the rise from 866 to 1680.
Retracement levels are placed at 1364-1271-1178.
Further correction to retracement levels can be witnessed if sustains below 1435.
Resistance will be at 1476-1525.
Near term reversal can be witnessed above 1525.
Trader short and holding the same can maintain the stop loss at 1525.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
1459.80
|
1492.22
|
DOWN
|
1458.2
|
22.02
|
1412
|
1442
|
1453
|
1472
|
1502
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
|
1459.8
|
0.1
|
900.0
|
-47.1
|
22.0
|
37.5
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
51.44
|
0.29
|
19.70
|
31.42
|
56.17
|
-14.08
|
43.80
|
4.31
|
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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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