NCDEX Kapas April 2017 Weekly: Exit Long On The Rise

Report For Date: 20/02/2017

NCDEX Kapas April 2017 Weekly: Exit Long On The Rise

NCDEX Kapas April 2017 in Rs/20Kg

Exit long on rise to 1018-1026-1050 as the opportunity arises.

Expect lower range of 1002-979 to be tested.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	1011	985	UP	960.5	30.12	978	1002	1018	1026	1050

*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

Last Close	Price G/L%	Volume	% V Inc/Dec	Open Interest	% OI Inc/Dec	Candle	Position
1011.0	-1.7	23729	18.7	12150	-3.9	Negative	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
63.15	-8.44	70.77	-10.36	24.10	1.95	78.07	-10.37

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.