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NCDEX Jeera March 2019 Weekly: Resistance At Higher Range

9 Feb 2019 3:57 pm
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Report For Date: 05/02/2019


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


Exit long and sell on rise from 15475-15788 with a stop loss of 16313.

Expect lower range of 15263-14738 to be tested.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

15475.00

17577.05

DOWN

18640.0

30.11

14738

15263

15577

15788

16313

.
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

15475.0

-2.2

7032.0

-22.7

2415.0

-10.1

Negative

Unwinding

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

32.42

-4.54

3.60

-82.25

-597.70

-27.56

17.07

-4.65

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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