Report for Date: 27/05/2016
MCX Copper June: Lower Range Is To Cover Short Position
MCX COPPER (Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 314-316 with a stop loss of 318.
Expect lower range of 311 to 307 to be tested and can be used to cover short position.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
313.1
|
315.6
|
DOWN
|
329.3
|
3.05
|
307
|
311
|
314
|
316
|
320
|
*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
|
|
313.1
|
-0.6
|
39722000
|
2.3
|
26710
|
-0.4
|
Negative
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
43.21
|
-5.69
|
72.35
|
7.79
|
-3.85
|
7.17
|
46.04
|
-22.65
|
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