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MCX Cardamom Feb: Book Profits At Higher Levels

11 Jan 2017 10:10 am
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MCX Cardamom Feb: Book Profits At Higher Levels


Report for Date: 11/01/17

The trend is up but a profit taking is being witnessed in Cardamom futures on MCX.

Feb 2017 futures contract has settled at Rs 1484.90 per kg Tuesday.

Ideally, book profits on higher levels to 1488 – 1493 or above as the opportunity arises.

Wait for any fresh positions for the time-being.

TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Book Profits 1484.90 1442.69 UP 1405 29.12 1452 1473 1481 1493 1513


*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 Inc/Dec Open Interest % OI Inc/Dec Candle Position
1484.9 0.7 27400 -69.6 730 5.8 Positive Addition Long


TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
61.13 2.42 47.59 -26.61 27.12 1.39 68.22 4.68






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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