MCX Zinc November 2017: Cover Short 21 Nov 2017 10:10 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 21/11/2017 MCX Zinc November 2017: Cover Short MCX Zinc (Price figures below are in Rs/INR per Kg) Sideways movement is being witnessed around DRV. Cover short position if any at 207.7 or below. Bandwidth is falling therefore contraction and sideways movement being witnessed. Higher range for the day can be 208.9-211.60. Weakness is below 204.50. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Short 207.70 208.49 DOWN 207.7 20.11 203.4 206.1 207.3 208.9 211.6 *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 207.7 -0.5 115050000 8.8 6174 -10.6 Indecisive Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 48.55 -3.64 33.33 1.55 0.24 -36.64 39.76 3.46 Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum. Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest TechAnalysis Report Turmeric (Jun 24) Bearish Trend / Sell at CMP / Key Re... Spices Jeera (May 24) Bearish Trend / Sell at CMP / K... Coriander (May 24) Bearish Trend / Sell at CMP / Key R... Turmeric (Jun 24) Bearish Trend / Sell at CMP / Key Re... Spices Jeera (May 24) Neutral Trend / Sell on Breakou... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy at CMP ... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Base Metals Copper (Apr 24) Bullish Trend / Buy on Di... Top 5 Special Reports Mumbai Black Matpe (Urad) Trending Higher / Next Resis... RBD Palm Olein (Kandla) Positive Short-term Trend / Ne... Soybean Meal (Indore) Trending Higher / Next Resistanc... Burma Pigeon Pea (Tur) CNF$ Lemon Positive Trend / Nex... Weekly: ICE cotton futures post extend fall for sixth s...