Report for Date: 20/07/2016
MCX Copper August: Expect Higher Range To Be Tested
MCX COPPER (Price figures below are in Rs/INR per Kg)
Hold long position with a stop loss of 329.
Expect higher range of 340.2-346.5 to be tested.
Accumulate at 338-334 with a stop loss of 329..
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Long
338.00
325.74
UP
330.3
12.07
327.7
334.0
336.2
340.2
346.5
*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
338.0
1.1
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