Report for Date: 01/01/2018
MCX Silver March 2018 Weekly: Cover Short Position
MCX Silver (Price figures below are in Rs/INR per Kg)
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
39237.00
|
39326.15
|
DOWN
|
39877.0
|
20.10
|
37041
|
38374
|
38843
|
39707
|
41040
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
39237.0
|
3.4
|
1593900
|
-7.6
|
17229
|
-16.4
|
Positive
|
Unwinding
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
39.38
|
2.43
|
10.20
|
-22.17
|
-451.74
|
-29.37
|
36.36
|
22.10
|
TECHINCAL INDICATORS TABLE
Cover short position at 39237 or below as the opportunity arises.
Weakness is below 36672.
Expect higher range of 39707-41040.
TREND INFORMATION WITH WEEKLY LEVELS
*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
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.