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MCX Cardamom Nov: Exit Long On The Rise

11 Oct 2018 10:12 am
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Report For Date:11/10/2018


MCX Cardamom Nov:
Exit Long On The Rise

MCX Cardamom Oil (Price are in INR)

Exit long on rise from 1378-1388 as the opportunity arises.

Expect lower range of 1360-1350 to be tested.

TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
1368 1369 DOWN 1368 10.10 1320 1353 1372 1386 1419

*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE PRICE G/L% VOLUME V -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION
1368.0 -0.2 5400 -28.0 180 8.4 Negative Addition Short


TECHNICAL INDICATORS TABLE

RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
50.2 -1.2 49 25.8 10 -16.4 41.55 15.57




Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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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