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NCDEX Jeera May 2019 Weekly: Expect Higher Range To Be Tested

20 Apr 2019 3:09 pm
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Report For Date: 22/04/2019

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


Expect higher range of 17107-17812 to be tested.

Support will be at 16668-16402-16200.

Weakness is below 16200.

Traders long and holding the same can maintain the stop loss at 16200.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

16840.00

16662.15

UP

16840.0

18.04

15697

16402

16668

17107

17812

.
*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

16840.0

2.7

4731.0

73.7

6567.0

2046.1

Positive

Addition Long

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

49.39

9.84

84.20

25.61

-564.51

14.78

53.60

65.61

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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