Report for Date: 9/10/15
MCX Zinc October: Exit Long On The Rise
MCX ZINC (Price figures below are in Rs/INR per Kg)
Traders short can hold the same with a stop loss of 113.
Exit long and sell on rise from 108.5 to 109.6 with a stop loss of 113.
Expect lower range of 107.8-105.90.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
108.5
|
112.8
|
DOWN
|
121.8
|
9.09
|
105.9
|
107.8
|
108.9
|
109.6
|
111.5
|
*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
|
108.5
|
-1.3
|
113240000
|
-10.9
|
5727
|
27.6
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
37.05
|
-7.14
|
24.02
|
-7.86
|
-2.59
|
1.51
|
24.83
|
-15.59
|