Report for Date:30/06/2016
MCX Nickel July: Expect Higher Range To Be Tested
MCX Nickel (Price figures below are in Rs/INR per Kg)
Expect higher range of 643-653 to be tested as breakout above 626 has been witnessed.
Weaker opening and correction to 637-634 can be used for buying with a stop loss of 617.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
639.70
613.60
UP
604.90
8.06
624
634
637
643
653
*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
639.7
0.4
1806750
5.5
5532
20.7
Positive
Addition Long
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
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