MCX Cotton Bales Weekly: Sideways Volatility Likely To Be Witnessed

Report For Week Dated: 29/06/2015

MCX Cotton Bales Weekly Price are in INR (Rs)/Bales)

Sideways volatility around the DRV is likely to be witnessed.

Traders long can keep the stop loss at 15670 and use rise to 16277-16747 to exit long.

Sell on fall below 15670 with high of the week as the stop loss or 16110 whichever is higher.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	16110.0	16142.1	DOWN	15930.0	19.06	15337	15807	15973	16277	16747

*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	% V Inc/Dec	Open Interest	% O Inc/Dec	Candle	Strategy
16110.0	1.1	184490.0	111.2	5183	47.0	Positive	Addition Long

TECHNICAL INDICATORS TABLE

	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
50.28	4.88	31.92	-4.52	55.38	-10.73	54.43	0.85

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.