Report For Date: 20/08/2018
NCDEX Kapas April 2018 in Rs/20Kg
Exit long and sell on rise from 1155 to 1192 as the opportunity arises with a stop loss of 1216.
Resistance will be at 1172-1192.
Lower range can be 1136-1081.
Expect support and recovery from lower range.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
1155.50
|
1229.43
|
DOWN
|
1298.6
|
16.02
|
1081
|
1136
|
1172
|
1192
|
1247
|
*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
|
|
1155.5
|
-4.7
|
10852.0
|
1.8
|
4046.0
|
17.7
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
38.61
|
-17.26
|
60.33
|
-31.12
|
-29.15
|
-3.81
|
22.56
|
-30.46
|
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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.
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