Report For Date 6/10/2015
MCX Cotton Bales October: Cover Short Position
MCX Cotton Bales October: (Price in Rs/Per Bale)
Cover short position at 15900 or below.
Expect higher range of 15987-16227 to be tested.
Weakness will resume below 15630.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
15900.0
|
15964.5
|
DOWN
|
16290.0
|
9.09
|
15507
|
15747
|
15833
|
15987
|
16227
|
*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
|
Close
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
15900.0
|
1.4
|
22750
|
73.0
|
1664
|
-4.5
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
46.91
|
23.68
|
24.48
|
11.90
|
-125.02
|
10.54
|
22.45
|
-17.51
|
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