Report For Week Dated: 6/04/2015
MCX Lead Weekly C1 (Price figures in INR(Rs)/kg
Cover short position at 117 or below as the opportunity arises.
Expect higher range of 118.6-123 to be tested.
Trader short needs to maintain the stop loss at 118.
If Lead trades above the open of Monday and sustain above 119 then buy with low of the week as the stop loss or 117 whichever is lower.
A breakout and close above 119 can lead to a rally towards 123.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Cover Short
|
117.00
|
117.15
|
DOWN
|
129.6
|
12.09
|
109.8
|
114.2
|
115.7
|
118.6
|
123.0
|
*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. Positional Traders: If trend is up then traders long can hold long position with weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
|
117.00
|
2.45
|
156864992
|
-51.53
|
2213.00
|
8.75
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
48.43
|
11.50
|
73.90
|
21.71
|
-3.16
|
13.58
|
51.27
|
1.41
|
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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