Report For Date: 17/04/2017
NCDEX Kapas April 2017 in Rs/20Kg
Retracement of the rise from 857 to 1117 is being witnessed.
Retracement levels are placed at 986-955.
Reversal from the current is above 1038.
Expect retracement levels to be tested before moving higher.
Traders can buy above 1038 with low of the week as the stop loss or exit long till 1038 is not crossed on closing.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
1005.0
|
1026.2
|
DOWN
|
1025.00
|
7.04
|
951
|
990
|
1014
|
1029
|
1068
|
*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
|
|
1005.0
|
-2.0
|
10005
|
-34.7
|
5310
|
-29.4
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
50.75
|
-8.22
|
8.62
|
-65.85
|
26.71
|
-14.67
|
36.58
|
-12.66
|
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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.
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