Report for Date: 30/06/16
MCX Zinc July: 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 135.
Weaker opening and correction first to 140.40-139.70 can be used for buying with a stop loss of135.
Expect higher range of 141.5-143.3 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
140.80
135.36
UP
136.30
20.06
137.90
139.70
140.40
141.50
143.30
*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
140.8
-0.2
35290000
-1.4
6584
5.4
Indecisive
Addition long/Short
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
63.85
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