NCDEX Kapas April 2018 Weekly: Expect Lower Range To Be Tested

Report For Date: 25/09/2017

NCDEX Kapas April 2018 Weekly: Expect Lower Range To Be Tested

NCDEX Kapas April 2018 in Rs/20Kg

Traders short and holding the same can maintain the stop loss at 878.

Expect lower range of 849-823 to be tested.

Lower range can be used to cover short position.

Downside momentum may continue below 847 bearish candle closing.

Overall the movements are within the wider band of 904 and 847 therefore lower range near

bottom will attract support event if it get violated marginally.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	861.5	914.6	DOWN	1035.50	7.04	823.7	849.7	863.8	875.7	901.7

*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
861.5	-1.7	14387	-23.4	7717	10.6	Negative	Addition Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
37.47	-6.50	45.10	-9.47	-30.34	1.54	36.03	-13.28

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.