Report for Date:19/07/2016 MCX Nickel July: Expect Higher Range To Be Tested
MCX Nickel (Price figures below are in Rs/INR per Kg)
Traders long can maintain the stop loss at 684.
Expect higher range of 717-740 to be tested.
Weaker opening and correction first to 702-694 can be used for buying with a stop loss of 684.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Long
709.70
651.39
UP
604.9
8.06
671.80
694.70
702.60
717.60
740.50
*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
709.7
3.4
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