MCX Lead June: Expect Higher Range To Be Tested

Report for Date: 29/06/2016

MCX Lead June: Expect Higher Range To Be Tested
MCX Lead (Price figures below are in Rs/INR per Kg)

Expect higher range of 118.2-120.5 to be tested.

Weaker opening and correction first to 116.9-116 can be used for buying with a stop loss of 114.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	117.3	116	UP	117.25	28.06	113.7	116.0	116.9	118.2	120.5

*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
117.3	1.8	65445000	28.5	2448	-18.0	Positive	Unwinding

TECHINCAL INDICATORS TABLE

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RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
55.31	14.13	58.99
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