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MCX Aluminum January 2018 Weekly: Accumulate At Lower Level

8 Jan 2018 1:30 pm
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Report for Date: 08/01/2018


MCX Aluminum January 2018 Weekly: Accumulate At Lower Level

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

Traders long and holding the same can maintain the stop loss at 128.

Accumulate at 137-130.5 with a stop loss of 128.

Resistance will be at 141.2-143.4-149.90.

Further rise is above 146.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

139.2

132.6

UP

140

22.12

130.5

137.0

141.2

143.4

149.9


*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

139.2

-2.9

198860000

20.0

3161

346.5

Negative

Addition Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

57.39

-10.55

78.68

5.89

2.69

0.27

51.37

-23.00







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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