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MCX Cardamom March: Hold Short Positions

17 Feb 2017 9:10 am
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MCX Cardamom March: Hold Short Positions


Report for Date: 17/02/17

The trend is down in Cardamom futures on MCX.

March 2017 futures contract has settled at Rs 1477.20 per kg Thursday.

Hold short if any with a stop loss of 1510.

Expect lower levels of 1449 – 1420 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Short 1477.20 1503.69 DOWN 1505 8.02 1453 1470 1480 1487 1504


*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
1477.2 -0.4 19000 -52.9 703 0.3 Negative Addition Short


TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
46.29 -2.32 33.00 -11.63 -4.03 -50.78 47.72 -2.49






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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