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
*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
OI -G/L %
TECHINCAL INDICATORS TABLE
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.