Report For Date 27/08/2015
NCDEX Kapas April 2016: Higher Range Is To Exit Long
NCDEX Kapas April 2016 in Rs/20Kg
Traders long can keep the stop loss at 850.
Exit long on rise to 869.3-878.3 as the opportunity arises.
Sideways volatility between 850 and 884 is being witnessed.
Correction of the rise from 823 to 884 can be seen or consolidation at current level before moving higher above 884.
Overall objective for near term can be to exit long take 884 is not crossed.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
864.00
|
860.55
|
UP
|
857.5
|
13.08
|
851.3
|
860.3
|
865.7
|
869.3
|
878.3
|
*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 closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a 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/Dec
|
Candle
|
Position
|
|
864.0
|
-0.8
|
1983
|
-2.2
|
3132
|
-0.8
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
47.89
|
-6.89
|
32.17
|
-33.09
|
-3.14
|
7.02
|
40.23
|
-2.36
|
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Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.
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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