Report For Week Dated: 5/10/2015
Nickel Weekly (Price figure in INR (Rs)/Per Kg)
Hold short position with a stop loss of 700.
Cover short position at 665.2 or below.
Weakness will continue within the current down trend below 618.
Pullback can resume on rise and close above 700.
Sell is below 618 and till then cover short position.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
665.2
|
720.6
|
DOWN
|
878.8
|
15.05
|
578.6
|
636.9
|
666.9
|
695.2
|
753.5
|
*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
|
|
665.2
|
1.2
|
35912000
|
-13.5
|
14646
|
-13.3
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
35.45
|
5.06
|
40.69
|
-16.15
|
-54.34
|
3.65
|
33.34
|
-7.61
|
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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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