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MCX Cardamom February: Up move above 1130 closing

12 Jan 2018 11:43 am
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Report For Date: 12/1/2018

MCX Cardamom February: Up move above 1130 closing

MCX Cardamom Oil (Price are in INR )

Sideways movement around DRV is being witnessed.

Resistance will be at 1123-1149.

Support will be at 1097-1072.

Weakness will be seen below 1083.

Sell is below 1083 or cover short position till 1083 is not violated.

Correction or down move continues below 1083.

Traders can buy above 1130 with low of the day stop loss or 1107 whichever is lower.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

-

1107.5

1106.3

UP

1119.0

10.01

1072

1097

1113

1123

1149


*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

1107.5

-1.0

12800

-19.5

456

-0.2

Negative

Unwinding


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

51.81

-6.68

47.61

15.03

10.84

-11.73

39.83

-19.88






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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