Report For Week Dated: 27/04/2015
MCX Cotton Bales Weekly (Price are in INR (Rs)/Bales)
Resistance will be at 16460-16500.
Support will be at 16110-15500.
Weaker opening and correction to 16110-15840 can be used for buying with a stop loss of 15500.
Breakout and close above 16500 can lead to a rally towards 17780.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
16370
|
15915
|
UP
|
16370
|
24.04
|
15040
|
15840
|
16110
|
16640
|
17440
|
*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
|
16370
|
4.9359
|
252810
|
46.3529
|
6252
|
16.0787
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
54.29
|
20.65
|
69.20
|
2.77
|
-284.60
|
23.72
|
36.59
|
28.20
|
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.