Report For Week Dated: 7/09/2015
MCX Aluminum Weekly: (Price in INR(Rs)/kg)
Cover short position at 107.4 or below as the opportunity arises.
Traders can buy above 108.6 with low of the week as the stop loss or 107.4 whichever is lower.
Lower range of 105.5-102 can be used to cover short position.
Downside momentum can be seen below 99.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
107.4
|
107.5
|
DOWN
|
110.30
|
22.05
|
102.0
|
105.5
|
107.0
|
109.0
|
112.5
|
*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. Positional Traders: If trend is up then traders long can hold long position with weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
107.4
|
4.9
|
162004992
|
-24.7
|
3292
|
64.8
|
Indecisive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
33.87
|
-0.21
|
18.79
|
53.47
|
-3.41
|
-1.77
|
23.14
|
-18.49
|
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.