NCDEX Jeera March’17: Further Weakness Is Below 16770

Report For Date: 20/02/2017

NCDEX Jeera March’17: Further Weakness Is Below 16770

NCDEX Jeera: (Price are in INR (Rs)/Quintal)

Traders short and holding the same can maintain the stop loss at 17190.

Resistance will be at 17005-17095-17190.

Exit long and sell on rise to 17005-17095 with a stop loss of 17190.

Expect lower range of 16860-16625.

Weakness is below 16770.

Pullback can resume above 17190.

TREND INFORMATION WITH INTRA-DAY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.