Report For Week Dated: 20/07/2015
MCX Cotton Bales Weekly (Price are in INR (Rs)/Bales)
Traders by chance long and holding the same need to maintain the stop loss at 15430.
The DRV is flat and horizontal which suggest sideways price movement as last week follow up rise was not seen.
Traders can buy above 16300 with low of the week as the stop loss or 15890 whichever is higher.
Lower range of 15797-15607 can be for accumulation.
Downside momentum can resume below 15430.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
15890.00
|
15902.49
|
DOWN
|
15820.00
|
10.07
|
15607
|
15797
|
15893
|
15987
|
16177
|
*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
|
15890.0
|
0.4
|
60910
|
-43.4
|
3977
|
-11.3
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
49.32
|
1.80
|
51.36
|
12.44
|
13.33
|
-31.31
|
44.87
|
-0.27
|
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.