Report for Date: 9/10/15
MCX Aluminum October: Expect Lower Range To Be Tested
MCX ALUMINIUM (Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 99.95 to 101 with a stop loss of 102.20.
Expect lower range of 99.4-97.8 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
99.95
|
102.72
|
DOWN
|
107.70
|
14.09
|
97.8
|
99.4
|
100.4
|
101.0
|
102.6
|
*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
|
100.0
|
-1.3
|
48895000
|
1.6
|
8298
|
30.3
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
26.57
|
-12.58
|
12.88
|
-12.60
|
-1.61
|
-7.58
|
10.26
|
-20.61
|