MCX Silver December 2017 Weekly: Sideways Movement Around Drv

Report for Date: 13/11/2017

MCX Silver (Price figures below are in Rs/INR per Kg)

Traders long and holding the same can maintain the stop loss of 38700.

Further rise is above 40632.

Sell is below 38700 with high of the week as the stop loss.

Oscillation around DRV is likely.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	39507.0	40064.4	DOWN	39877.0	20.10	38078	39054	39577	40030	41006

*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
39507.0	1.2	2275770	0.5	13959	-12.8	Indecisive	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
46.91	-1.00	33.66	-30.77	-78.16	-102.71	45.46	-7.23

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.