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
View Full Image
Read Disclaimer