Report For Date: 11/03/2019
NCDEX Kapas April 2018 in Rs/20Kg
Cover short position at 1122 or below.
Support will be at 1117-1105.
Near term trading breakout is above 1130.
On breakout above 1130 expect a rally towards the upper band of the larger Standard Error Channel which is currently around 1170.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
1122.5
|
1169.7
|
DOWN
|
1298.6
|
16.02
|
1105.7
|
1117.2
|
1123.3
|
1128.7
|
1140.2
|
*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
|
|
1122.5
|
0.6
|
8051.0
|
-18.9
|
11913.0
|
-0.8
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
40.59
|
5.74
|
36.45
|
36.21
|
-17.86
|
0.40
|
36.19
|
-9.48
|
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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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