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MCX Lead July: Accumulate At Lower Range

20 Jul 2016 9:55 am
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Report for Date: 20/07/2016
MCX Lead July: Accumulate At Lower Range

MCX Lead (Price figures below are in Rs/INR per Kg)


Traders long and holding the same can maintain the stop loss at 121.

Accumulate at 124.1-123 as the opportunity arises with a stop loss of 121.

Further rally can be seen on breakout and close above 128.30.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

124.60

121.21

UP

118.1

28.06

123.0

124.1

124.7

125.2

126.3


*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

124.6

0.0

55095000


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