Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Lead January: Cover Short Position

9 Jan 2019 10:42 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

 Report for Date: 09/01/2019

 

 

MCX Lead (Price figures below are in Rs/INR per Kg)


Cover short position at the 137.9 or below.

Expect higher range of138.6-140.60.

Weakness is below 135.
 

TREND INFORMATION WITH INTRA-DAY LEVELS

 

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

137.85

139.64

DOWN

N/A

N/A

134.6

136.6

137.3

138.6

140.6



*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

137.9

1.2

64565000

4.7

2733

-14.6

Positive

Unwinding

 

TECHINCAL INDICATORS TABLE


RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

48.73

13.34

22.71

100.98

-0.50

-6.76

44.44

9.76




Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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.  Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum.



Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.

 

 

 


Read Disclaimer
N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest TechAnalysis Report
Metals Technical Levels For 21 January
MCX Copper February: Expect Higher Range To Be Tested...
MCX Aluminum January 2019: Consolidation Could Be Hap...
MCX Lead January: Sideways Volatility Around Drv
MCX Zinc January 2019: Accumulate
more
Top 5 News
Cotton Technical Levels For 21st January
Chana Technical Levels For 21st January
Veg Oil Technical Levels For 21st January
Spices Technical Levels For 21 January
Guargum And Mentha Technical Levels For 21 January
Top 5 Special Reports
Weekly CPO: Surplus Stock Will Keep Palm Prices Under B...
Weekly Rapeseed: Bumper Crop Expectation Shall Keep Mus...
Weekly Soya Market: End of BBY Scheme and Iranian Deman...
Technical: Chickpea (Chana)- Expect Near Term Pullback ...
Technical: Pigeon Pea (Tur) Akola Bilty last close- Acc...
Copyright © CC Commodity Info Services LLP. All rights reserved.