Report For Week Dated: 18/05/2015
MCX Aluminum Weekly: (Price in INR(Rs)/kg)
Exit long on rise from 116.3 to 125.60 as the opportunity arises.
Expect lower range of 114.3-108.7 to be tested.
Consolidation between 125.6 and 108 can be witnessed in near term to short term.
Oscillation around the DRV is likely to be witnessed.
The bias could be to move towards lower range and lower side of the band.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit long
|
116.3
|
116.1
|
UP
|
116.20
|
24.04
|
108.7
|
114.3
|
117.8
|
119.8
|
125.4
|
*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
|
|
116.25
|
-2.72
|
188109984
|
-10.88
|
3147
|
-7.93
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
51.14
|
-11.59
|
63.32
|
-20.49
|
-0.13
|
38.34
|
31.99
|
-20.83
|
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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