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MCX Copper August: Expect Higher Range To Be Tested

21 Jul 2016 9:50 am
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Report for Date: 21/07/2016

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 338-343 to be tested.

Accumulate at 335-333 with a stop loss of 329..

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

336.40

327.11

UP

330.3

12.07

329

333

335

338

343


*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

336.4

-0.5


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