Report For Date: 20/08/2018
MCX Cotton Bales: (Price in Rs/Per Bale)
Exit long on rise from 23300 or above.
Resistance will be at 23527-23873.
Lower range for the week can be 22953-22033.
Further rise is above 24280 and till then use rise to exit long.
A minor correction to lower range is likely to be seen before making attempts to move higher above 24280.
TREND INFORMATION WEEKLY LEVELS
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
23300.00
|
21744.73
|
UP
|
20000.0
|
23.02
|
22033
|
22953
|
23527
|
23873
|
24793
|
*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
Close
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
23300.0
|
-3.6
|
170040.0
|
33.7
|
3862.0
|
-5.2
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
61.61
|
-12.86
|
77.96
|
-0.69
|
826.95
|
-1.40
|
45.83
|
-18.62
|
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.