Report For Date 7/10/2015
NCDEX Kapas April 2016: Further Rise Is Above 870 Closing
NCDEX Kapas April 2016 in Rs/20Kg
Hold long position with a stop loss of 841.
Expect higher range of 870-885 to be tested.
In the event of a sustained rise and close above 870 expect a rally towards the next supply zone of 886-896.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
864.00
|
845.02
|
UP
|
841.00
|
1.10
|
842.7
|
856.7
|
863.3
|
870.7
|
884.7
|
*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
|
-0.1
|
6948
|
-27.4
|
9015
|
1.5
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
56.68
|
-1.03
|
82.73
|
13.76
|
-4.35
|
31.11
|
38.12
|
-28.32
|
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