MCX Cardamom July: Book profit And Exit Long Positions
Report for Date: 29/06/17
The trend is up but some profit booing at higher level cannot be ruled out in Cardamom futures on MCX.
July 2017 futures contract has settled at Rs 1039.40 per kg Wednesday.
Exit long positions till the 1100 as opportunity arises.
Further upward movement only on rise and close above 1105.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit Long
|
1039.40
|
1000.67
|
UP
|
934
|
1.06
|
982
|
1017
|
1030
|
1052
|
1087
|
*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
|
|
1039.4
|
1.1
|
17400
|
-18.7
|
658
|
2.8
|
Positive
|
Addition Long
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
57.54
|
3.77
|
31.50
|
-26.18
|
23.30
|
-2.27
|
54.18
|
2.97
|
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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