Report For Date 6/10/2015
NCDEX Kapas April 2016: Expect Higher Range To Be Tested
NCDEX Kapas April 2016 in Rs/20Kg
Hold long position with a stop loss of 841.
Expect higher range of 874-900 to be tested.
Weaker opening and correction first to 858-848 can be used for accumulation with a stop loss of 841.
The supply zone is at 882-895.
The supply zone can be used to take profits.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
865.00
|
843.28
|
UP
|
841.00
|
1.10
|
822.3
|
848.3
|
857.7
|
874.3
|
900.3
|
*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
|
|
865.0
|
2.9
|
9564
|
75.6
|
8884
|
12.7
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
57.28
|
29.22
|
72.73
|
22.26
|
-6.32
|
28.39
|
53.18
|
62.71
|
.png)
0 Comments 
Post Comment 
