Report for Date: 18/06/2018
MCX Zinc (Price figures below are in Rs/INR per Kg)
Hold long position with a stop loss of 205.
Sideways volatility around DRV is likely to be witnessed.
Resistance will be at 214.2-216.9.
Further rise is above 217 closing.
Traders can buy above 217 with low of the week as the stop loss or 212 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
212.00
|
209.68
|
UP
|
217.4
|
8.06
|
201.7
|
209.3
|
214.2
|
216.9
|
224.5
|
*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
|
212.0
|
-2.5
|
543934976.0
|
-3.9
|
5473.0
|
-20.4
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
55.42
|
15.13
|
58.28
|
13.71
|
0.59
|
914.96
|
68.62
|
23.33
|
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.