Report for Date: 24/10/2016
MCX Silver (Price figures below are in Rs/INR per Kg)
Traders short and holding the same can maintain the stop loss at 42579.
Cover short position if any at 41958 to 40750 as the opportunity rises.
Pullback can resume on rise and close above 42579.
Physical investors can accumulate at 40750 and 39079 as and when the opportunity arises.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
41958.00
|
43179.60
|
DOWN
|
41865.0
|
7.10
|
40714
|
41564
|
42021
|
42414
|
43264
|
*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
|
41958.0
|
0.3
|
2322930
|
9.9
|
17126
|
3.9
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
45.99
|
1.08
|
12.45
|
-42.13
|
808.93
|
-24.52
|
40.00
|
0.28
|
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.