Report For Date: 30/11/2016
Rupee Vs Usd (Spot) Inr: Further Rise Is Above 68.95 Closing
Traders long and holding the same can maintain the stop loss at 68.28.
Further rise is above 68.95 closing can extend the rise.
Near term correction to sideways volatility can emerge on fall and close below 68.28.
TREND INFORMATION WITH INTRA-DAY LEVELS
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STRATEGY
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CLOSE
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DRV
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TREND*
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Trend
Price
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Trend
Date
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L1
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L2
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CP
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L3
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L4
|
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Hold Long
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68.61
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68.13
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UP
|
66.9
|
10.11
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68.30
|
68.52
|
68.64
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68.73
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68.95
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*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.
TECHINCAL INDICATORS TABLE
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RSI
|
1-ROC-RSI
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Stochastic
|
1-ROC-
Stochastic
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MACD
|
1-ROC
MACD
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RS
|
1-ROC
RS
|
|
72.49
|
0.65
|
58.92
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-15.94
|
0.47
|
-0.13
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49.40
|
25.11
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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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