NCDEX Kapas April’15 (Price are in INR (Rs)/20 Kg)
Hold short position with a stop loss of 771.
Cover short position at 750 or below as the opportunity arises.
A close above 771 can resume the pullback towards DRV-794.
Sell on fall below 737 with high of the week as the stop loss or 771 whichever is higher.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Cover short
|
752.00
|
790.63
|
DOWN
|
915.5
|
11.07
|
715.0
|
739.0
|
750.0
|
763.0
|
787.0
|
*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 weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly 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/Deco
|
Candle
|
Position
|
|
752.00
|
-0.86
|
34820
|
24.24
|
9814.00
|
13.71
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
39.21
|
-3.20
|
61.71
|
34.68
|
-26.09
|
3.58
|
60.97
|
-1.03
|
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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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