Report for Date: 10/09/2018
MCX Zinc (Price figures below are in Rs/INR per Kg)
Traders short and holding the same can maintain the stop loss at 181.
Resistance is at 175.1-177.60.
Lower range is at 171.4-165.30.
Sideways volatility and oscillation around DRV is being witnessed.
Up move can resume above 181 closing.
Lower range can attract support.
The last swing bottom was at 163.80 and recovery from lower range can be witnessed.
Near term upside movement can resume above 181 closing for rise towards DRV-187.4
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
173.85
|
187.41
|
DOWN
|
202.4
|
22.06
|
165.3
|
171.4
|
175.1
|
177.6
|
183.7
|
*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
|
|
173.9
|
-2.1
|
762929984.0
|
35.7
|
5374.0
|
199.9
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
35.52
|
-5.34
|
59.47
|
18.20
|
-9.06
|
-1.73
|
36.46
|
-11.14
|
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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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