Report for Date: 28/11/2016
MCX Gold (Price figures below are in Rs/INR per Kg)
Traders short and holding the same can maintain the stop loss at 29225.
Expect lower range of 28240-27389 to be tested.
Retracement levels of the rise from 24451 to 32445 are placed at 28410 and 27552.
Resistance will be at 28732-29091.
Exit long and sell on rise to 28732-29091 with a stop loss of 29225.
Support cluster is at 28410 and 27970.
Lower range of 28240-27389 can be used to cover short position.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
28598.0
|
29729.6
|
DOWN
|
29396.0
|
11.11
|
27389
|
28240
|
28732
|
29091
|
29942
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
28598.0
|
-1.2
|
38813000
|
-14.4
|
5045
|
-16.8
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
38.44
|
-5.28
|
6.58
|
-72.54
|
-134.29
|
-441.43
|
24.96
|
-7.35
|
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.