Report For Week Dated: 13/04/2015
MCX Cotton Bales Weekly C1 (Price are in INR (Rs)/Bales)
Traders long and holding the same can keep the stop loss at 15170.
Expect higher range of 16157-16707 to be tested.
A further breakout and close above 16250 can lead to a pullback of the fall from 23740 to 13970.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
15850.00
|
15595.07
|
UP
|
15850
|
10.04
|
15057
|
15607
|
15913
|
16157
|
16707
|
*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
|
% O Inc/Dec
|
Candle
|
Strategy
|
|
15850.00
|
2.13
|
336580
|
233.94
|
7546.00
|
-7.29
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
51.63
|
10.01
|
79.76
|
24.12
|
-408.76
|
17.74
|
42.64
|
-18.54
|
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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