MCX Zinc Weekly May: Correction Is Being Witnessed

Report For Week Dated: 18/05/2015

Zinc Weekly (Price figure in INR (Rs)/Per Kg)

Exit long on rise from 145.5 to 154.50 range as the opportunity arises.

Expect correction and retracement of the rise from 124.3 to 154.35.

The retracement levels are placed at 143.1-139.60-134.85.

Expect retracement levels to be tested before making attempt to move higher.

Trade long only if a breakout and close above 154.5 is witnessed and broadly till then rise from 145.5 to 154.5 is to exit long and take profits.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	WRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Exit long	145.55	140.6	UP	137	10.04	133.4	142.2	147.7	151.0	159.8

*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
145.55	-3.42	469385024	15.38	5639	-19.82	Negative	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
71.21	0.17	93	-3.83	2.43	62.47	58.52	-13.94

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.