MCX Copper November: Cover Short Position

Report for Date: 27/11/15

MCX Copper November: Cover Short Position

MCX COPPER (Price figures below are in Rs/INR per Kg)

Cover short position at 306.4 or below as the opportunity arises.

Expect higher range of 311.5-322.1 to be tested.

Weakness is below 300.

Sell is below 300 with high of the day stop loss and till then cover short position.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	306.40	308.72	DOWN	342.1	19.10	290.3	300.9	306.0	311.5	322.1

*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
306.4	2.1	52518000	115.9	20426	-14.0	Positive	Unwinding

TECHINCAL INDICATORS TABLE

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RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
34.39	44.41	60.43	52.79	-9.86
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