Report for Date: 26/08/2016
MCX Nickel August: Expect Lower Range To Be Tested
MCX Nickel (Price figures below are in Rs/INR per Kg)
Traders short can maintain the stop loss at 670.
Exit long and sell on rise from 656-663 with a stop loss of 670.
Expect lower range of 650-635 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Short
656.70
680.04
DOWN
684.1
23.08
635.1
650.7
660.3
666.3
681.9
*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
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