Login ID:
Password:
Partner Login
Contact Us : 07666977977

MCX Silver March: Hold Long Positions

17 Feb 2017 8:41 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

 Report for Date: 17/02/2017


MCX Silver March:
Hold Long Positions

MCX Silver (Price figures below are in Rs/INR per Kg)

Traders by chance long and holding the same can maintain the stop loss at 42650.

Expect higher range of 43210-43685 to be tested.

TREND INFORMATION WITH INTRA-DAY LEVELS


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 43010.00 41819.69 UP 40688.0 9.01 42257 42733 42932 43209 43685


*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.


PRICE, VOLUME AND OPEN INTEREST STRATEGY


Last Close Price G/L% Volume  V -G/L% Open Interest OI  -G/L % Candle Position
43010.0 0.8 441540 24.0 11762 0.1 Positive Addition Long



TECHINCAL INDICATORS TABLE



RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
66.76 5.54 78.29 12.82 451.85 6.85 77.98 7.69












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.

Read Disclaimer
       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest TechAnalysis Report
MCX Silver March: Cover Short Position
MCX Gold April: Accumulate
MCX Silver March: Cover Short Position
MCX Gold April: Accumulate
MCX Silver March: Cover Short Position
more
Top 5 News
MCX Zinc February 2018: Expect Higher Range To Be ...
MCX Lead February: Higher Range Is To Take Profits ...
MCX Nickel February 2017: Expect Higher Range To ...
MCX Aluminum February 2018: Expect Higher Range To B...
MCX Copper February: Accumulate
Top 5 Special Reports
Spot Soybean Traded Steady Amid Limited Demand
Weekly: Major Pulses Trade Mix; Demand Expect In Dal
Weekly: Guarseed/Guargum Down For Second Straight Week;...
Technical : Soy Bean Doc Indore Spot : Accumulate On Co...
Technical: Soybean Indore Spot : Trend Line Resistance ...
Copyright © CC Commodity Info Services LLP. All rights reserved.