Report for Date: 19/11/2018
MCX Silver December 2018 Weekly: Cover Short Position
MCX Silver (Price figures below are in Rs/INR per Kg)
Cover short position at 36991 or below as the opportunity arises.
Traders short and holding the same cam maintain the stop loss of 37160.
Higher range for the week can be 37419-38538.
As long as 35400 is not violated objective remains to cover short position.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
36991.00
|
38254.30
|
DOWN
|
36880.0
|
9.11
|
35181
|
36300
|
36727
|
37419
|
38538
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
36991.0
|
0.3
|
2208270.0
|
24.4
|
26059.0
|
-11.0
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
40.27
|
2.36
|
23.21
|
-32.26
|
-276.08
|
-36.65
|
21.37
|
23.75
|
.png)
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.
0 Comments 
Post Comment 
