Report For Week Dated: 22/06/2015
NCDEX Kapas April’16 (Price are in INR (Rs)/20 Kg)
Traders long can hold the same with a stop loss of 893.
Correction and slide in price can seen if sustains below 893.
If Kapas trades above the open of the week (Monday’s open) and trades above 925 then buy with low of the week as the stop loss or 905 whichever is lower.
Sell on fall below 893 with high of the week as the stop loss or 906 whichever is higher.
WEEKLY TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
905.5
|
902.7
|
UP
|
915.0
|
27.03
|
869.5
|
894.0
|
907.0
|
918.5
|
943.0
|
*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
|
|
905.5
|
-0.9
|
9049.0
|
39.9
|
2739
|
1.2
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
50.06
|
-3.57
|
20.68
|
-33.96
|
6.75
|
-14.87
|
56.04
|
38.15
|
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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