Login ID:
Password:
Partner Login
Contact Us : 07666977977

MCX Zinc April 2017 Weekly: Correction End Above 173 Closing

17 Apr 2017 10:23 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 17/04/2017

MCX Zinc April 2017 Weekly: Correction End Above 173 Closing

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

Traders long and holding the same can maintain the stop loss at 164.

Traders short and holding the same can maintain the stop loss at 173.

If Zinc trades above the open and above 173 then buy with low of the week as the stop loss or 164 whichever is lower.

Sell if trades below the open and below 164 with high of the week as the stop loss of 173 whichever is higher.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

168.6

171.4

DOWN

168.6

13.04

156.8

164.7

168.8

172.7

180.6

*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

168.6

-1.9

523269984

-10.6

5014

-3.2

Negative

Unwinding

TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

44.85

-4.60

15.61

-38.42

3.82

-26.80

31.62

-7.20







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.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 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 :  
   

Top | Post Comment  

Top 5 Special Reports
Technical: Lead MCX: Bull Market Rally Emerging
Technical: Aluminium MCX - Bull Market Likely
Technical: Zinc MCX - Preparation For Bull Market
Technical: Masoor Canada (Mumbai) - Reversal Attempt Wi...
Technical: Chana Indore- Expect Resistance To Be Tested...
Copyright © CC Commodity Info Services LLP. All rights reserved.