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MCX Cardamom March: Book Profits And Exit Long Positions

13 Feb 2018 12:31 pm
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Report For Date: 14/02/2018


MCX Cardamom March:
Book Profits And Exit Long Positions

MCX Cardamom Oil (Price are in INR)

The trend has turned down.

Ideally, book profits and exit long positions on rise to 1155 – 1160 levels or above as the opportunity arises.

Wait for fresh positions for the time-being.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Book Profits 1151.2 1153 DOWN 1152 8.02 1131 1145 1152 1159 1173



*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
1151.2 0.1 5700 42.5 358 0.0 Indecisive Unwinding


TECHNICAL INDICATORS TABLE


RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
50.658 1.1529 20.5651 21.55 7.2681 -15.172 38.7772 -2.7492




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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