REPORT For Date 18/06/2018
Traders by chance short on contrarian basis can maintain the stop loss at 18365.
Lower range of 16410 or below can be used to cover short position.
Resistance will be at 17310-18365.
Support will be at 16545-16381.
The rise was from 15135 to 18365 during the period April-May 2018.
Objective remains t exit long on rise to resistance of 17310-18365 as the opportunity arises.
Near term band of movement is 16545-17480 and sideways movement could be witnessed.
Upside movement can resume above 17480.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
-
|
16775.0
|
16200.1
|
UP
|
15405.0
|
20.04
|
15510
|
16410
|
16945
|
17310
|
18210
|
*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 INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
16775.0
|
-0.5
|
680408.0
|
-52.6
|
318848.0
|
-4.9
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
62.05
|
-23.57
|
70.36
|
-16.14
|
337.72
|
9.40
|
67.69
|
-25.33
|
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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