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MCX Silver March: Expect Higher Range To Be Tested

11 Jan 2017 9:49 am
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Report for Date: 11/01/2017

MCX Silver March: Expect Higher Range To Be Tested MCX Silver (Price figures below are in Rs/INR per Kg)


Hold long position if any with a stop loss of 40200.

Expect higher range of 41425-42188 to be tested.

Accumulate at 40990-40662 with a stop loss of 40200.


TREND INFORMATION WITH INTRA-DAY LEVELS


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 41096.00 40420.83 UP 40448.00 5.01 39899 40662 40990 41425 42188


*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 -G/L% Open Interest OI -G/L % Candle Position
41096.0 1.0 405870 17.9 13507 -0.2 Positive Unwinding



TECHINCAL INDICATORS TABLE



RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
57.73 6.46 86.49 -0.25 -135.32 42.58 77.58 6.10












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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