MCX Nickel March: Expect Lower Range To Be Tested

Report For Date 25/03/2015

MCX Nickel March: Expect Lower Range To Be Tested

MCX Nickel March: (Price figure in INR (Rs)/Per Kg)

Traders short and holding the same can keep the stop loss at 894.

Exit long and sell on rise from 870-875-881 with a stop loss of 894.

Expect lower range of 865.3-849.4 to be tested.

Buy above 895 with low of the day stop loss or 885 whichever is lower.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Cover short	870.90	887.36	DOWN	877.4	16.03	849.4	865.3	875.7	881.2	897.1

*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	Strategy
870.90	-1.69	7799500	23.66	8149.00	22.52	Negative	Addition Short

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
45.61	-8.07	68.59	15.20	-8.22	2.64	40.20	-21.91

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.