Report For Date: 16/04/2018
NCDEX Kapas April 2018 in Rs/20Kg
Further pullback rise will continue above 938.50.
A rise towards DRV-947.5 can be witnessed.
An In Bar on weekly along with the Harami White has been witnessed which suggest that further rise is above 938.50.
Support will be at 916-903.
Overall weakness will continue if fall and close below 876 is witnessed.
The near term movement can be between DRV-947.5 to Bollinger Lower Band of 892.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
916.0
|
947.5
|
DOWN
|
930.0
|
16.02
|
876
|
903
|
916
|
929
|
956
|
*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
|
916.0
|
-1.0
|
7431
|
-51.8
|
4203
|
-21.5
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
46.05
|
-3.20
|
41.22
|
48.40
|
-6.10
|
-19.14
|
44.34
|
-1.19
|
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.