NCDEX Kapas April’16 Weekly: Expect Lower Range To Be Tested

Report For Week Dated: 27/07/2015

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

Exit long and sell rise to 894-900-909 with a stop loss of 927.

Expect lower range of 886-861 to be tested.

Addition of short position was seen with the fall and negative candle along with the rise in open interest.

Indicators have fallen which suggest lower range to be tested with volatility.

Correction to 875-854 range can be seen before making attempts to move higher.

The 61.8% retracement of the rise from 801 to 967 is placed at 863.50.

The 61.8% and range of 875-854 can attract support.


WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	894.5	904.6	DOWN	894.5	24.07	861	885	900	909	933

*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
894.5	-1.9	8933	47.3	3161	11.5	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
46.41	-9.29	47.30	-24.45	3.78	-33.21	40.89	-8.60

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.