Report for Date: 30/11/15
MCX Zinc December: Expect Lower Range To Be Tested
MCX ZINC (Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 104-106.5 with a stop loss of 109.10.
Expect lower range of 102.5-98.5 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Short
104.05
107
DOWN
104.1
27.11
98.5
102.5
105.0
106.5
110.5
*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
104.05
-3.4
21320000
38.6
2190
77.2
Negative
Addition Short
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
48.31
19.18
76.56
18.30
-2.32
13.83
View Full Image
Read Disclaimer