Report for Date: 21/01/2019
MCX Aluminum (Price figures below are in Rs/INR per Kg)
Cover short position at 133,10 or below as the opportunity arises.
Swing bottom appears to be in place and expect a rise towards DRV-138.10.
Higher range for the week can be 135-141.
Support will be at 131.3-129.
Further weakness is below 124.70.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
133.1
|
138.1
|
DOWN
|
143
|
9.11
|
123.4
|
129.3
|
131.3
|
135.1
|
141.0
|
*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
|
|
133.1
|
3.3
|
238989984.0
|
26.1
|
4824.0
|
-17.4
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
42.53
|
15.76
|
34.97
|
77.49
|
-3.68
|
1.22
|
35.06
|
31.73
|
.png)
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 
