Report for Date: 17/12/2018
MCX Silver (Price figures below are in Rs/INR per Kg)
Resistance is at higher range of 38138-38576.
Support will be at 38138-37616.
Traders long and holding the same can maintain the stop loss at 37700.
Higher range can be used to take profits or exit long till 38660 is not crossed.
Traders can buy above 38660 with low of the week as the stop loss or 38054 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
38054.00
|
37779.08
|
UP
|
37972.0
|
7.12
|
36656
|
37616
|
38138
|
38576
|
39536
|
*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
|
|
38054.0
|
0.2
|
2217300.0
|
118.5
|
18474.0
|
-13.5
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
50.64
|
0.84
|
54.61
|
78.03
|
-389.73
|
17.51
|
48.56
|
-1.23
|
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.
0 Comments 
Post Comment 
