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NCDEX Jeera March: Key Support Has Broken

13 Feb 2018 12:22 pm
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Report For Date: 14/02/2018


NCDEX Jeera March:
Key Support Has Broken

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

The trend is down.

Key support of 16300 has broken.

Expect further decline towards 15930 – 15800 levels or below as the opportunity arises.

Wait for any fresh positions for the time-being.


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Avoid Trade 16095 16675 DOWN 16380 8.02 15428 15928 16262 16428 16928



*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
16095.0 -2.0 2205 119.4 10575 2.5 Negative Addition Short


TECHNICAL INDICATORS TABLE


RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
28.9 -19.9 7 -72.5 -203 -13.1 24.20 -25.94




Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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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