Report for Date: 07/08/2017
MCX Gold (Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 28406-28728 with a stop loss of 28850.
Expect lower range of 28204-27680 to be tested.
Buy above 28860 with low of the day stop loss or 28406 whichever is lower.
Sideways movement and oscillation around the DRV cannot be ruled out.
Downside momentum could resume below 27780.
Expect movement to be between 27780 and 28859.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
28406.00
|
28812.02
|
DOWN
|
28608.0
|
30.06
|
27680
|
28204
|
28527
|
28728
|
29252
|
*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
|
|
28406.0
|
-1.4
|
44639000
|
519.3
|
6723
|
71.3
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
45.87
|
-8.88
|
78.58
|
20.13
|
-119.77
|
-11.25
|
40.58
|
-15.77
|
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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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