Report for Date: 8/1/2018
MCX Lead January 2018 Weekly: Lower Range Can Be For Accumulation
MCX Lead (Price figures below are in Rs/INR per Kg)
Traders long and holding the same can maintain the stop loss at 154.
Resistance will be at 164.5-169.8.
Lower range for the week can be 15930-154.
Correction to DRV-152.8 can be used for accumulation with a stop loss of 150.
Breakout and close above 165.60 with bullish candle can set rally.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
161.9
|
153
|
UP
|
150.50
|
15.09
|
154.0
|
159.3
|
161.9
|
164.5
|
169.8
|
*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
|
161.9
|
1.5
|
296255008
|
70.3
|
2294
|
210.8
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
55.92
|
4.10
|
45.73
|
-2.42
|
3.15
|
-1.78
|
50.02
|
0.89
|
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.