MCX Zinc August: Expect Higher Range To Be Tested

Report for Date: 29/08/16

MCX Zinc August: Expect Higher Range To Be Tested

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


Hold long position with a stop loss of 152.

Expect higher range of 156.4-157.8 to be tested.

Weaker opening and correction first to 155.5-154.9 can be used for buying with a stop loss of 152.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	155.75	151.39	UP	151.0	16.08	153.5	154.9	155.5	156.4	157.8

*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
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