Report For Week Dated: 4/05/2015
MCX Lead Weekly (Price figures in INR(Rs)/kg
Traders long can hold the same with a stop loss of 131.
Expect higher range of 138.3-144 to be tested.
Higher range can attract profit booking pressure.
Sustainability at higher range can be key to extend the current momentum.
Traders long can look to take profits at higher range as the opportunity arises.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
136.1
|
122.4
|
UP
|
125
|
10.04
|
126.8
|
132.5
|
134.7
|
138.3
|
144.0
|
*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
|
|
136.05
|
3.11
|
205710016
|
-35.7337
|
3819
|
-6.58
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
69.93
|
5.10
|
97
|
-0.07
|
1.21
|
12781.08
|
72.25
|
18.42
|
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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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