NCDEX Kapas April 2018 Weekly: Cover Short Position 19 Sep 2017 10:09 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 18/09/2017 NCDEX Kapas April 2018 Weekly: Cover Short Position NCDEX Kapas April 2018 in Rs/20Kg Traders short and holding the same can revise down the stop loss to 904. Cover short position at 876.5 or below. Lower range for the week can be 861-829. Overall till 847 is not violated lower range can be used to cover short position. Resistance will be at 891-904. Pullback reversal can resume on rise and close above 904. TREND INFORMATION WITH WEEKLY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Short 876.50 915.48 DOWN 1035.5 7.04 829.7 860.7 875.8 891.7 922.7 *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 876.5 -1.7 18773 3.7 6975 1.6 Indecisive Addition long/Short TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 40.07 -6.46 49.82 -3.94 -30.81 4.91 41.55 -5.62 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.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Domestic Weekly Technical Analysis MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart more Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp...