Report for Date: 23/01/2017
MCX Lead (Price figures below are in Rs/INR per Kg)
Expect higher range of 159.9-167.1 to be tested.
Weaker opening and correction to 155.5-152.8 can be used for buying with a stop loss of 150.
Higher range can be used to take profits at 159.9-167.1 as the opportunity arises.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
157.2
|
N/A
|
DOWN
|
N/A
|
N/A
|
145.6
|
152.8
|
155.5
|
159.9
|
167.1
|
*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
|
157.2
|
0.4
|
379715008
|
-1.9
|
2397
|
-5.7
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
62.02
|
0.51
|
68.61
|
95.61
|
6.48
|
8.11
|
65.47
|
0.33
|
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.