Report for Date:27/06/2016
MCX Nickel June: Expect volatility between 626-591
MCX Nickel (Price figures below are in Rs/INR per Kg)
Exit long on rise from 615-632 as the opportunity arises.
Support will be at 599-582.
Correction to 599 or below can be used for buying with a stop loss of 591.
Volatility can be between 626 and 591.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
608.3
|
603.0
|
UP
|
598.9
|
8.06
|
582.2
|
599.0
|
606.5
|
615.8
|
632.6
|
*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
|
608.3
|
-1.6
|
8769000
|
55.3
|
15906
|
0.2
|
Indecisive
|
Addition long/Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
55.94
|
-12.35
|
65.51
|
-17.81
|
7.08
|
-5.48
|
46.49
|
-21.19
|
Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars=