Report for Date:24/06/2016 MCX Nickel June: Further Rise Is Above 626 Closing
MCX Nickel (Price figures below are in Rs/INR per Kg)
Expect higher range of 620.9-626 to be tested.
Further rise is above 626 and till then use rise from 618 to 626 to exit log.
Re-enter long on rise and close above 626.
Lower range of 615.7 or below could be tested.
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
618.50
602.74
UP
598.9
8.06
610.5
615.7
618.0
620.9
626.1
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
618.5
-0.1
5646000
-33.9
15879
0.9
Positive
Unwinding
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
63.82
-0.64
79.71
-7.05
7.49
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