Report for Date: 26/08/2016
MCX Lead August: Further Weakness Is Below 122.90 Closing
MCX Lead (Price figures below are in Rs/INR per Kg)
Traders long and holding the same can maintain the stop loss at 122.95.
Cover short position at 124.5 or below.
Weakness is below 122.95.
Expect higher range of 125.20-127 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Long
124.5
124.0
UP
122.40
11.08
121.5
123.3
124.1
125.2
127.0
*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
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