Report For Date: 16/07/2018
MCX Cardamom Oil (Price are in INR )
Traders by chance long can maintain the stop loss at 978.
Accumulate at 1029-998 with a stop loss of 978.
Expect higher range of 1068-1138 to be tested.
Traders can by above 1060 with low of the week as the stop loss or 990 whichever is lower.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
1037.7
|
965.0
|
UP
|
978.7
|
29.06
|
929
|
998
|
1029
|
1068
|
1138
|
*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
1037.7
|
-1.3
|
19000.0
|
-33.8
|
143.0
|
-24.3
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
53.99
|
-3.09
|
91.95
|
7.69
|
-24.10
|
23.88
|
59.38
|
-8.11
|
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.