Report for Date 24/09/2018
MCX Lead (Price figures below are in Rs/INR per Kg)
Cover short position at 147.80 or below as the opportunity arises.
Resistance will be at 151.3-158.90.
Lower range of 143.7-136.1 can offer support.
Reversal for up move can resume if sustains above 151.70.
Traders can buy if breakout above 151.7 with low of the week as the stop loss or 146.5 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
147.8
|
150.3
|
DOWN
|
151.0
|
13.07
|
136.1
|
143.7
|
147.2
|
151.3
|
158.9
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
147.8
|
0.9
|
492755008.0
|
2.6
|
2177.0
|
6.2
|
Indecisive
|
Addition Long/Short
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
43.78
|
4.29
|
71.18
|
-2.17
|
-3.40
|
4.91
|
44.33
|
6.29
|
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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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