MCX Aluminum February: Sideways Movement Around Drv

Report For Date 27/03/2015


MCX Aluminum February: Sideways Movement Around Drv

MCX Aluminum February (Price in INR(Rs)/kg)

Cover short position at 112.55 or below.

Expect higher range of 113.2-114.9 to be tested.

Weakness is below 110.
Sideways movement may still persist if sustains rise and close above 113.2 is not witnessed.


TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Cover short	112.55	111.79	UP	112.55	26.03	109.9	111.6	112.2	113.2	114.9

*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a 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
112.55	1.53	35605000	11.75	2147.00	-22.83	Positive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
50.08	20.99	60.51	19.47	-0.64	19.66	50.80	37.24

Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), 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.





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.