MCX Cardamom Sep: Hold Long Positions
Report for Date: 17/08/17
The trend is up in Cardamom futures on MCX.
Sep 2017 futures contract has settled at Rs 1183.80 per kg Wednesday.
A breakout and close above 1145 has seen.
Hold long positions with a stop loss of 1150.
Expect a rise to 1195 -1210 levels or above in coming sessions.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
1183.80
|
1077.99
|
UP
|
N/A
|
N/A
|
1133
|
1168
|
1188
|
1203
|
1238
|
*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
|
Position
|
1183.8
|
0.9
|
28800
|
38.5
|
333
|
-6.2
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
75.43
|
1.49
|
88.86
|
8.99
|
49.18
|
5.70
|
75.35
|
0.41
|
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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