Report for Date: 22/07/1 6
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 106.85-108.3 with a stop loss of 110.
Expect lower range of 106.1-103.80.
Lower range can be used to cover short position and if lower range is attained firs then avoid selling on the rise.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Short
106.85
109.58
DOWN
109.75
19.07
103.8
106.1
107.5
108.3
110.6
*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
106.85
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