MCX Cardamom Oct: Book Profits On Higher Levels
Report for Date: 20/09/17
The trend has turned down in Cardamom futures on MCX.
Oct 2017 futures contract has settled at Rs 1151.90 per kg Tuesday.
Book profits on rise to 1163 – 1175 levels or above as the opportunity arises.
Re-enter long on rise and close above 1295.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Book Profits
|
1151.90
|
1182.63
|
DOWN
|
1152
|
19.09
|
1106
|
1140
|
1163
|
1175
|
1209
|
*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
|
|
1151.9
|
-4.0
|
30800
|
79.1
|
199
|
-26.8
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
48.09
|
-15.25
|
17.84
|
-54.20
|
34.05
|
-17.99
|
37.19
|
-30.15
|
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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