ST/LT – Short Trend / Long Trend. OI – Open Interest. PMS – Price Movement Strength (See OI table below).
MCX Trading Strategy:
Profitable trading strategy for MCX Gold, Silver, Crude Oil, Base metals, and Precious metals uses both ST/LT and PMS.
Up/Up – Buy (Long). Exit at Target. Keep strict SL.
Down/Up – Unwind (Exit long position if trend changes before target)
Down/Down – Sell (Short). Exit at Target. Keep strict SL.
Up/Down – Cover (Exit short position if trend changes before target)
|Increasing||Increasing||Strong bullish move (++)|
|Increasing||Decreasing||Weak bullish move (+)|
|Decreasing||Decreasing||Weak bearish move (-)|
|Decreasing||Increasing||Strong bearish move (- -)|
|Rising / Falling||No Change||Price is correcting (Some news or fundamental change).|
Trends are indicative. MCX / Nifty Live Data provides live commodity & nifty price rate updates, trend information, open interest, and price movement analysis for professional traders for free. All rates are live and are updated at lightning fast speed. International commodity prices and trends along with current USD INR currency rate helps make a well-informed decision. Trends are calculated on well-tested logic. Be a successful and profit making trader with help of mcxlivedata.in.