Report for Date: 22/07/16
MCX Zinc July: Exit Long On The Rise
MCX Zinc (Price figures below are in Rs/INR per Kg)
Traders long may keep the stop loss at 150.
Exit long and take profits at higher range of 151.5-152.8-155.90 as the opportunity arises.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
150.95
|
144.39
|
UP
|
136.3
|
20.06
|
146.5
|
149.6
|
151.5
|
152.8
|
155.9
|
*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
|
|
151.0
|
0.3
|
183695008
|
12.6
|
11966
|
-3.8
|
Indecisive
|
Unwinding
|
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