Login ID:
Password:
Partner Login
Contact Us : 07666977977

MCX Nickel January 2017 : Cover Short Position

11 Jan 2017 10:11 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date:11/01/2017



MCX Nickel January 2017 : Cover Short Position MCX Nickel (Price figures below are in Rs/INR per Kg)


Cover short position at 721 or below.

Accumulate at 718.4-711 as the opportunity arises with a stop loss of 701.

Expect higher range of 728-744 to be tested.



TREND INFORMATION WITH INTRA-DAY LEVELS


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 721.00 718.51 UP 721.0 10.01 694.8 711.4 718.4 728.0 744.6


*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
721.0 2.0 5925000 8.8 15576 -8.3 Positive Unwinding


TECHINCAL INDICATORS TABLE


RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
49.43 12.91 88.91 9.59 -13.96 14.51 67.65 16.62
















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.

View Full Image
Read Disclaimer
       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest TechAnalysis Report
MCX Zinc January 2018: Resistance At Higher Range
MCX Lead January: Accumulate
MCX Aluminum January 2018: Accumulate
MCX Nickel January 2017: Exit Long On The Rise
MCX Copper February: Exit Long On The Rise
more
Top 5 News
MCX Zinc January 2018: Resistance At Higher Range
MCX Lead January: Accumulate
MCX Aluminum January 2018: Accumulate
NCDEX Wheat Feb: Hold Long Positions
MCX Cardamom Feb: Hold Long Positions
Top 5 Special Reports
Weekly: Pulses Slump On Listless Demand, Adequate Stock...
Technical : Sunflower Oil Kakinada Spot : Expect Corre...
Technical : Mustard Cake Jaipur Spot : Expect Consolida...
Weekly: Spot RBD Palmolein Declines on Weak Global Cues...
Weekly: Pepper Prices Tumbles On Imported Pepper Availa...
Copyright © CC Commodity Info Services LLP. All rights reserved.