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NCDEX Kapas April 2018 Weekly: Cover Short Position

12 Mar 2018 9:43 am
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Report For Date: 12/03/2018

NCDEX Kapas April 2018 Weekly: Cover Short Position

NCDEX Kapas April 2018 in Rs/20Kg

Cover short position at 961.5 or below as the opportunity arises.

Expect higher range of 971-1000 to be tested.

Support will be at 966-944-923.

Downside movement can be seen below 923 and upper momentum will resume above 969.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

-

961.5

968.0

DOWN

43.6

7426.00

916

944

955

972

1000


*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

961.5

2.7

19374

43.6

7426

3.7

Positive

Addition Long


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

47.22

2.65

8.70

-27.87

8.74

-24.97

39.12

12.08


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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