Report for Date: 26/11/15
MCX Zinc November: Cover Short Position
MCX ZINC (Price figures below are in Rs/INR per Kg)
Traders short can keep the stop loss at 106.50.
Sell on rise to 104.6 or above with a stop loss of 106.50.
Lower range of 103-101.5 can be used to cover short position.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Short
103.8
105.6
DOWN
113.2
28.10
101.5
103.0
103.8
104.6
106.1
*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
103.8
-0.8
65345000
-61.7
3697
-8.4
Indecisive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
40.53
-4.22
64.72
16.54
-2.69
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