Report For Date: 23/07/2018
MCX Cotton Bales: (Price in Rs/Per Bale)
Trend is up and traders by chance long and holding the same can maintain the stop loss at 23200.
Resistance is at 23670-23900.
Further rise is above 24010.
Traders can buy above 24010 with low of the week as the stop loss or 23400 whichever is lower.
On sustained rise and close above 24010 expect a rally to 26500.
TREND INFORMATION WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
23600.0
|
22036.6
|
UP
|
20300.0
|
23.02
|
22840
|
23370
|
23670
|
23900
|
24430
|
*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
Close
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
23600.0
|
-1.4
|
85740.0
|
63.5
|
2611.0
|
53.1
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
67.37
|
-5.54
|
84.93
|
19.34
|
838.09
|
3.62
|
44.93
|
-25.22
|
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.