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NCDEX Kapas April 2018 Weekly: Exit long on the rise

12 Aug 2017 12:34 pm
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Report For Date: 14/08/2017

NCDEX Kapas April 2018 in Rs/20Kg

Traders short and holding the same can revise down the stop loss to 904.

Exit long and sell on rise to 886-897 with a stop loss of 904.

Expect lower range of 868-839.

Pullback can be witnessed on rise and close above 904.

In that case rise towards DRV-922 can be witnessed.




TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

879.0

922.6

DOWN

1035.5

7.04

839

868

886

897

926


*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

879.0

0.5

18613

34.8

7136

-7.4

Indecisive

Unwinding

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

37.14

3.22

60.22

59.31

-39.18

3.67

24.66

-5.33






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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