MCX Zinc June: Expect Higher Range To Be Tested

Report for Date: 28/06/16

MCX Zinc June: Expect Higher Range To Be Tested

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


Traders long may keep the stop loss at 132.

Expect higher range to be tested.

Exit long on rise from 136.1-138.2 range as the opportunity arises.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	135.7	134.4	UP	136.1	20.06	134	135.1	136.1	136.7	138.2

*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
135.7	-1.0	110100000	-13.5	4592	-23.1	Negative	Unwinding

TECHINCAL INDICATORS TABLE

View Full Image

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
55.73	-6.87	65.40	-18.41	2.06	-8.38	38.86	-23.99
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