Report for Date: 11/06/2018
MCX COPPER (Price figures below are in Rs/INR per Kg)
Traders by chance long and holding the same can maintain the stop loss at 458.
Expect higher range of 503-538 to be tested.
The highest peak formed in year 2018 on MCX is 512.65 and expect the same to be tested in near term.
Profit booking is likely at higher range of 503-513.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
491.25
|
444.62
|
UP
|
373.8
|
23.06
|
434.3
|
468.9
|
481.1
|
503.4
|
538.0
|
*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
|
|
491.3
|
7.1
|
290651008.0
|
24.8
|
21950.0
|
88.2
|
Positive
|
Addition Long
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
67.42
|
20.88
|
69.45
|
19.48
|
8.08
|
39.71
|
87.50
|
17.87
|
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.
0 Comments 
Post Comment 
