Report For Date: 27/05/2019
NCDEX Kapas April 2020 in Rs/20Kg
Cover short position at 1152 or below as the opportunity arises.
Expect 1158-1177 to be tested.
Support will be at 1140-1128.
Overall last major swing bottom was at 1093 and demand zone attached to it 1118-1093.
Correction if any to 1118 or below can be used for accumulation with a stop loss of 1092 on contrarian basis.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
1152.00
|
1185.54
|
DOWN
|
1175.5
|
10.05
|
1121.8
|
1140.3
|
1147.2
|
1158.8
|
1177.3
|
*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
|
|
1152.0
|
0.0
|
2458.0
|
-53.7
|
1727.0
|
12.7
|
Indecisive
|
Addition Long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
45.27
|
0.27
|
27.41
|
-13.02
|
2.21
|
-50.58
|
21.23
|
-2.19
|
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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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