Report for Date: 26/11/15
MCX Lead November: Cover Short Position
MCX LEAD (Price figures below are in Rs/INR per Kg)
Cover short position a 107.1 or below.
Expect higher range of 107.7-109.1 to be tested.
Traders short can maintain the stop loss of 108.20.
Sell is below 105.80 with high of the day stop loss.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
107.1
|
107.5
|
DOWN
|
116.9
|
19.10
|
104.8
|
106.2
|
106.8
|
107.7
|
109.1
|
*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
|
|
107.1
|
0.6
|
39295000
|
-62.9
|
1936
|
-3.9
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
42.43
|
8.18
|
63.42
|
31.32
|
-1.89
|
9.66
|
65.83
|
5.06
|
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Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.
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