The trend is still down but a recovery is likely to be seen from oversold zone.
Cover short positions on dips to 953-948 levels or below as the opportunity arises.
Sell only on fall and close below 925.INTRA-DAY LEVELS FOR MCX MENTHA OIL AUG 15 CONTRACT
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Cover Short
956.80
986.47
DOWN
1062.10
7.07
934.07
948.17
953.63
962.27
976.37
*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 Inc/Dec
Open Interest
% OI Inc/Dec
Candle
Position
956.8
0.9176
1751400
61.1461
11135
-0.6602
Positive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-Stochastic
MACD
1-ROCMACD
RS
1-ROCRS
40.08
7.40
67.31
49.38
-32.20
6.07
48.70
20.89
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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