MCX Cotton Bales October: Cover Short Position

Report For Date 7/10/2015

MCX Cotton Bales October: Cover Short Position

MCX Cotton Bales October: (Price in Rs/Per Bale)

Cover short position at 15920 or below.

Expect higher range of 16027-16237 to be tested.

Weakness will resume below 15820.

If Cotton trades above the open and above 16030 then buy with low of the day stop loss or 15820 whichever is lower at the point of breakout.

TREND INFORMATION WITH INTRA-DAY LEVELS

*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

TECHNICAL INDICATORS TABLE