Report for Date: 29/08/16 MCX Zinc August: Expect Higher Range To Be Tested
MCX Zinc (Price figures below are in Rs/INR per Kg) Hold long position with a stop loss of 152.
Expect higher range of 156.4-157.8 to be tested.
Weaker opening and correction first to 155.5-154.9 can be used for buying with a stop loss of 152.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Long
155.75
151.39
UP
151.0
16.08
153.5
154.9
155.5
156.4
157.8
*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