Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Nickel April 2019 Weekly: Resistance Remains At Higher Range

20 Apr 2019 3:09 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 22/04/2019



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


Exit long on rise from 876-901 as the opportunity arises.

Expect lower range of 863-724 to be tested.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

876.30

874.50

UP

838.7

18.01

824

863

888

901

940


*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

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

V -G/L%

Open Interest

OI -G/L %

Candle

Position

876.3

-2.6

35726752.0

-25.5

10272.0

65.5

Negative

Addition Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

49.78

-8.55

25.38

-14.32

8.50

-16.11

37.23

0.98






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.


       
  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  

Top 5 Special Reports
Technical: Soya Bean Indore Accumulate
Technical: Soya Oil Indore- Correction before a rally i...
Technical: Castor Seed Deesa- Expect higher level to ...
Technical: Barely Jaipur- Breakout above 1960 is essen...
Technical: Wheat Spot Delhi- Correction Likely To End...
Copyright © CC Commodity Info Services LLP. All rights reserved.