Report For Date: 14/01/2019
NCDEX Kapas April 2018 in Rs/20Kg
Traders short and holding the same can revise the stop loss to 1164.
Resistance will be at 1139-1151-1164.
Support will be at 1118-1085.
Resistance remains at higher range.
A rise and close above 1164 can mark a reversal for pullback rise towards WRTV-1195.
For the week the support of 1127-1118 is critical as a fall and close below 1118 can lead to a breakdown.
Subsequently expect the slide towards 1085-1067.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
1129.50
|
1195.51
|
DOWN
|
1298.6
|
16.02
|
1085
|
1118
|
1139
|
1151
|
1184
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
% V Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
|
1129.5
|
-2.1
|
12785.0
|
-19.8
|
13295.0
|
0.8
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
40.85
|
-10.14
|
21.71
|
4.86
|
-4.68
|
-160.16
|
32.30
|
-10.83
|
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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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