Report for Date: 29/06/16
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.
Weaker opening and correction first to 139.4-137.7 can be used for buying with a stop loss of132.
Expect higher range of 142.4-147.3 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
140.9
134.8
UP
136.1
20.06
133
137.7
139.4
142.5
147.3
*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
140.9
3.8
170090000
54.5
6290
37.0
Positive
Addition Long
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
65.20
17.00
72.70
11.17
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