Report for Date: 8/10/2015
MCX Nickel October: Cover Short Position
MCX NICKEL (Price figures below are in Rs/INR per Kg)
Cover short position at 663 or below as the opportunity arises.
Expect higher range of 671.9-690.6 to be tested.
Weakness is below 635 and till then cover short position.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
663
|
673
|
DOWN
|
665.20
|
1.10
|
634.5
|
653.2
|
661.9
|
671.9
|
690.6
|
*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
|
663.1
|
1.9
|
10261000
|
22.3
|
22090
|
-14.6
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
47.99
|
10.78
|
16.37
|
-5.10
|
-6.57
|
10.62
|
37.87
|
18.57
|