Report for Date: 22/07/2016 MCX Lead July: Exit Long On The Rise
MCX Lead (Price figures below are in Rs/INR per Kg)
Exit long and sell on rise from 124 to 126 as the opportunity arises.
Expect lower range of 123.4-121 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Long
124.35
121.50
UP
118.1
28.1
121.0
123.4
124.8
125.8
128.2
*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
124.4
0.2
71635000
-9.4