Report for Date: 20/07/16 MCX Aluminum July: Expect Lower Range To Be Tested
MCX Aluminum (Price figures below are in Rs/INR per Kg) Exit long and sell on rise from 108.4-109.6 with a stop loss of 110.
Expect lower range of 107.5-105.3.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Short
108.4
109.9
DOWN
110
19.07
105.3
107.5
108.7
109.6
111.8
*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
-1.3
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