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MCX Zinc February 2017 Weekly: Expect Higher Range To Be Tested

13 Feb 2017 10:01 am
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Report for Date: 13/02/2017

MCX Zinc February 2017 Weekly: Expect Higher Range To Be Tested

MCX Zinc (Price figures below are in Rs/INR per Kg)

Traders long and holding the same can maintain the stop loss at 184.

Weaker opening and correction first to 189.1-183.5 can be used for buying with a stop loss of 184.

Expect higher range of 192.4-201.2 to be tested.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

186.80

166.65

UP

124.30

15.04

174.7

183.5

189.1

192.4

201.2

*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

186.8

-0.2

351990016

-3.5

6348

54.9

Indecisive

Addition long/Short

TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

61.32

0.09

81.70

-4.09

6.84

1.81

67.38

1.20






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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