MCX Nickel January: Expect Higher Range To Be Tested

Report for Date: 14/01/2019



MCX Nickel (Price figures below are in Rs/INR per Kg)


Hold long position with a stop loss of 783.

Expect higher range of 812-829 to be tested.

Support will be at 802-795 to be tested.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
805.30	779.86	UP	773.10	4.01	778.47	795.47	802.63	812.47	829.47

*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.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	V -G/L%	Open Interest	OI -G/L %	Candle	Position
805.3	2.1	9653250	39.4	11556	-12.0	Positive	Unwinding

TECHINCAL INDICATORS TABLE

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RSI	1-ROC-RS	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
61.58	12.60	86.51	-2.19	0.67	136.85
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