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MCX Cardamom January: Accumulate On Dips

7 Dec 2017 10:25 am
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Report For Date: 07/12/2017


MCX Cardamom January:
Accumulate On Dips

MCX Cardamom Oil (Price are in INR)

The trend is up.

Accumulate on lower levels to 1045 – 1020 levels or below as the opportunity arises.

Keep a stop loss of 990 for long positions.

Expect higher range of 1095 – 1130 to be tested in coming sessions.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Buy On Dips 1060.5 1024 UP 1032 1.12 1020 1045 1055 1070 1095



*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 -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION
1060.5 0.0 12700 -46.4 344 1.2 Indecisive Unwinding


TECHNICAL INDICATORS TABLE


RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
55.3 0.1 80 0.6 6 27.9 58.67 6.65




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.

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