Report for Date: 26/11/1 5
MCX Aluminum November: Cover Short Position
MCX ALUMINIUM (Price figures below are in Rs/INR per Kg)
Cover short position at 96.4 or below as the opportunity arises.
Weakness will resume below 94.50.
Expect higher range of 97.4-99.5 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Short
96.40
97.28
DOWN
98.7
12.11
93.2
95.3
96.3
97.4
99.5
*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
96.4
0.6
28920000
-26.8
4325
-3.1
Positive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
41.54
9.40
27.20
31.48
-1.12
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