NCDEX Kapas April’16 Weekly: Cover Short Position

Report For Week Dated: 5/10/2015

NCDEX Kapas April’16 (Price are in INR (Rs)/20 Kg)

Cover short position at 841 or below as the opportunity arises.

Traders still short need to maintain the stop loss at 855 with the objective to cover short position at 841 or below.

Weakness will continue below 822.

A rise and close above 855 can trigger a pullback towards DRV-876.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	841.0	876.5	DOWN	851.5	11.09	791	824	839	856	889

*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	% OI Inc/Deco	Candle	Position
841.0	1.2	15837	114.6	7886	29.5	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
41.13	7.06	12.94	-26.03	-15.29	-5.36	19.90	-26.05

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.