Report for Date: 27/06/2016
MCX Lead June: Movement Within The Band
MCX Lead (Price figures below are in Rs/INR per Kg)
Cover short position at 115.9 or below.
Wider band of movement is 118.30-113.
Oscillation around the DRV is being witnessed.
Directional movement can be seen once the movement is out of the band 118.3-113.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
115.9
|
115.6
|
UP
|
116.6
|
20.06
|
112.9
|
114.8
|
115.5
|
116.7
|
118.6
|
*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
|
115.9
|
-0.5
|
61705000
|
7.4
|
2763
|
-11.7
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
46.94
|
-2.81
|
68.31
|
-8.20
|
-0.42
|
16.27
|
44.90
|
-3.60
|
Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed a