Report For Week Dated:8/2/2016
NCDEX Kapas April’16 Weekly: Expect Lower Range To Be Tested
NCDEX Kapas April’16 (Price are in INR (Rs)/20 Kg)
Traders short can keep the stop loss at 820.
Exit long and sell on rise from 784-809 with a stop loss of 820.
Expect lower range of 770-731 to be tested.
The 127% and 161.8% retracement of the rise from 801.9 to 967 is placed at 759 and 701 respectively.
For near term expect at least 759 to be tested.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
784.50
|
864.90
|
DOWN
|
857.0
|
8.01
|
731
|
770
|
795
|
809
|
848
|
*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
|
|
784.5
|
-4.2
|
54435
|
18.8
|
17972
|
-3.4
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
33.92
|
-13.23
|
8.74
|
-13.76
|
-13.59
|
-55.24
|
40.02
|
-25.31
|
.png)
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.
0 Comments 
Post Comment 
