MCX Zinc February: Exit Long On The Rise

Report for Date: 8/2/16

MCX Zinc February: Exit Long On The Rise

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

Exit long on rise from 113.6 or above as Evening Star candlestick pattern has been formed.

Further rally can be seen above 117.50 closing and till then exit long position.

Expect lower range of 112.3-109 to be tested.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	113.6	109.1	UP	103.8	25.01	109.0	112.3	114.3	115.6	118.9

*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
113.6	-2.3	123285000	13.2	3392	-14.3	Negative	Unwinding

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
61.35	-10.70	80.69	-10.08	View Full Image
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