Report for Date: 21/07/2016 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 122.5 or below as the opportunity arises with a stop loss of 121.
Further rally can be seen on breakout and close above 128.30.
Resistance is at 125.2-128.
Higher range can be used to exit long position.
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
124.05
121.32
UP
118.1
28.06
119.7
122.5
123.6
125.2
128.0
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
124.1
-0.4
79050000
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