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MCX Aluminum July: Expect Lower Range To Be Tested

21 Jul 2016 9:55 am
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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

Trend

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

108.4

-1.3


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