Report for Date: 8/10/15
MCX Aluminum October: Cover Short Position
MCX ALUMINIUM (Price figures below are in Rs/INR per Kg)
Cover short position at 101.25 or below.
Traders can maintain the stop loss at 102.20.
Weakness will resume below 100.
Pullback starts on sustained rise and close above 102.2 for rise towards DRV.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
101.25
|
103.14
|
DOWN
|
107.70
|
14.09
|
98.8
|
100.5
|
101.3
|
102.1
|
103.8
|
*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
|
|
101.3
|
0.7
|
48140000
|
51.3
|
6369
|
-2.8
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
30.40
|
23.66
|
14.73
|
65.93
|
-1.50
|
-2.86
|
12.92
|
22.91
|
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