Report For Week Dated:31/08/2015
MCX Gold Weekly (Price in INR(Rs)/10 gms):
Traders long can hold the same with a stop loss of 25768.
Resistance will be at 26875-27581-27833.
Further rise can be seen above 27833.
Traders long can use rise to 26874 to 27833 to exit long position and take profits.
Expect lower range of 25917 or below to be tested.
Downside momentum will resume below 25768.
Lower range of 25917 or below can be used for accumulation with a stop loss of 25768.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
26623.0
|
26097.3
|
UP
|
27239.0
|
21.08
|
24253
|
25917
|
26875
|
27581
|
29245
|
*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly 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
|
|
26623.0
|
-2.3
|
108320000
|
9.4
|
7730
|
-10.8
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
52.39
|
-10.07
|
79.08
|
12.42
|
-205.34
|
23.78
|
50.55
|
-18.59
|
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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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