Report for Date:28/06/2016
MCX Nickel June: Expect volatility between 626-591
MCX Nickel (Price figures below are in Rs/INR per Kg)
Volatility can be between 626 and 591.
Exit long on rise from 610-627 range as the opportunity arises.
Expect lower range of 602-589 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
606.60
603.07
UP
598.9
8.06
589
602
610
614
627
*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
606.6
-0.3
8303500
-5.3
15787
-0.7
Indecisive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
54.72
-2.17
49.94
-23.77
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