Report for Date: 29/06/2016
MCX Copper June: Expect Higher Range To Be Tested
MCX COPPER (Price figures below are in Rs/INR per Kg)
Traders long can maintain the stop loss at 313.
Expect higher range of 328-335 to be tested.
Weaker opening and correction to 324-321 can be used for buying with a stop loss of 313.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
325.0
314.2
UP
312.7
20.06
314
321
324
328
335
*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
325.0
2.2
51639000
15.9
11538
-27.7
Positive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
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