Login ID:
Password:
Partner Login
Contact Us : 07666977977

MCX Nickel March 2017: Cover Short Position

20 Mar 2017 10:17 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 20/03/2017



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



Cover short position at 671.9 or below as the opportunity arises.

Traders short and holding the same can maintain the stop loss at 683.30.

Lower range for the day can be 667-658.


TREND INFORMATION WITH INTRA-DAY LEVELS


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Short 671.90 691.07 DOWN 710.9 7.03 658 667 670 675 684


*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
671.9 0.8 5144250 -19.9 23402 -1.9 Indecisive Unwinding


TECHINCAL INDICATORS TABLE


RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
39.07 6.24 49.62 36.75 -12.68 -2.99 35.45 8.53












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 Aluminum May 2017: Expect Higher Range To Be Tes...
MCX Zinc May 2017: Further Rise Is Above 173
MCX Lead May: Exit Long On The Rise
MCX Nickel May2017: Expect Lower Range To Be Tested
MCX Copper June: Further Rise Is Above 374
more
Top 5 News
MCX Aluminum May 2017: Expect Higher Range To Be Tes...
MCX Zinc May 2017: Further Rise Is Above 173
MCX Lead May: Exit Long On The Rise
NCDEX Mustard June’17: Expect Lower Range To Be Test...
MCX Cardamom June: Hold Short Positions
Top 5 Special Reports
Technical: Barley jaipur- Correction Still In Progress
Technical: Wheat Delhi- Further Weakness Is Below 1700
Technical: Sugar M Grade Delhi- Attempt Of Breakout Pos...
Technical: Guar Seed Bikaner- Correction is in progress...
Technical: Dhaniya Kota - Down Trend Continue
Copyright © CC Commodity Info Services LLP. All rights reserved.