Report for Date: 04/12/2017 MCX Zinc December 2017 Weekly: Further Rise Is Above 219 MCX Zinc (Price figures below are in Rs/INR per Kg) Traders by chance long and holding the same can maintain the stop loss at 199. Expect higher range of 213.6-223.1 to be tested. Further rise is above 219 and traders can look for rise to take profits. Re-enter long on rise and close 219. TREND INFORMATION WITH WEEKLY LEVELS
*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
210.0
0.1
267310016
1157.9
6760
175.5
Indecisive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
61.49
-0.84
54.00
-10.71
8.18
-3.49
53.33
3.07
Report for Date: 04/12/2017 MCX Zinc December 2017 Weekly: Further Rise Is Above 219 MCX Zinc (Price figures below are in Rs/INR per Kg) Traders by chance long and holding the same can maintain the stop loss at 199. Expect higher range of 213.6-223.1 to be tested. Further rise is above 219 and traders can look for rise to take profits. Re-enter long on rise and close 219. TREND INFORMATION WITH WEEKLY LEVELS
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