MCX Nickel February 2017: Exit Long On The Rise Till 916 Is Not Crossed 21 Feb 2018 10:28 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 21/02/2018 MCX Nickel February 2017: Exit Long On The Rise Till 916 Is Not Crossed MCX Nickel (Price figures below are in Rs/INR per Kg) Resistance is at 892-916. Correction can continue on fall and close below 868. Trader can use rise to 892-916 as the opportunity arises. Correction to DRV -844 or below can be used for accumulation with a stop loss of 822. TREND INFORMATION WITH INTRA-DAY LEVELS CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 880.10 844.16 UP 841.2 12.02 844.3 868.3 880.4 892.3 916.3 *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. PRICE, VOLUME AND OPEN INTEREST STRATEGY Last Close Price G/L% Volume V -G/L% Open Interest OI -G/L % Candle Position 880.1 0.5 12503000 39.6 7083 -1.2 Indecisive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 59.63 1.74 47.45 -26.11 17.53 -2.75 49.38 4.84 Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum. 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. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest TechAnalysis Report Turmeric (Jun 24) Bullish Trend / Buy at CMP / Key Sup... Spices Jeera (May 24) Neutral Trend / Buy at CMP / Ke... Coriander (May 24) Bearish Trend / Sell at CMP / Key R... Turmeric (Jun 24) Neutral Trend / Sell on Breakout / S... Spices Jeera (May 24) Bearish Trend / Sell at CMP / K... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Aluminium (Apr 24) Bullish Trend / Buy-on-Dips / Key S... Top 5 Special Reports Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...