NCDEX Jeera March: Cover Short Positions 23 Feb 2018 10:08 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 23/02/2018 NCDEX Jeera March: Cover Short Positions NCDEX Jeera (Price are in INR (Rs)/Quintal) The trend is down but a recovery is likely to be seen. Prices closed back in to the channel. Ideally, cover short positions at market price and on dips to 15400 – 15300 levels or below as the opportunity arises. Expect recovery towards 15835 – 16300 levels or above in coming sessions. STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Cover Short 15460 16015.7 DOWN 16380.0 8.02 14938 15308 15527 15678 16048 *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 15460.0 -1.1 2589 15.1 9714 -2.7 Negative Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 27.4 -8.9 37 50.1 -363 -3.5 28.32 -16.77 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 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 :       Post Comment		Latest TechAnalysis Report Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Guar Seed (May 24) Neutral Trend / Buy on Breakout / K... Guar Gum (May 24) Neutral Trend / Buy on Breakout / Ke... Guar Seed (May 24) Bullish Trend / Buy on Dips / Key S... Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... more Top 5 News Market Snapshot MCX - NCDEX Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Base Metals Zinc (May 24) Bullish Trend / Buy at CMP ... Base Metals Copper (May 24) Neutral Trend / Buy on Br... Top 5 Special Reports Sunflower Refined Oil (AP) Inflection Point: Trading N... Black Matpe (Urad) SQ Chennai Consolidating in an Uptr... US soybean net sales for April 19-25 at 414,000 MT, up ... US cotton net export sales for April 19-25 at 97,400 RB... Delhi Chana Rajasthan Line Bullish Price Trend / Next ...