Report for Date: 25/02/2019
MCX Silver (Price figures below are in Rs/INR per Kg)
Hold long position with a stop loss of 39250.
Resistance will be at 40433-40828.
Further rise is above 40993.
Lower range of 39873-38918 is likely to be tested with volatility.
Exit long on rise to resistance as the opportunity arises.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
40268.00
|
38850.52
|
UP
|
38706.0
|
28.12
|
38918
|
39873
|
40433
|
40828
|
41783
|
*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
|
40268.0
|
0.8
|
2126670.0
|
0.7
|
12037.0
|
-7.2
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
59.65
|
2.69
|
64.97
|
-10.95
|
487.57
|
11.99
|
67.34
|
8.57
|
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.