Report For Date 8/10/2015
MCX Cotton Bales October: Exit Long On The Rise
MCX Cotton Bales October: (Price in Rs/Per Bale)
Exit long and sell on rise from 15800 to 16007 with a stop loss of 16090.
Expect lower range of 15677-15347 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
15800.0
|
15962.3
|
DOWN
|
16290.0
|
9.09
|
15347
|
15677
|
15883
|
16007
|
16337
|
*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
|
|
15800.0
|
-0.8
|
26130
|
22.8
|
1568
|
-5.8
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
43.71
|
-8.28
|
40.59
|
29.21
|
-106.91
|
3.29
|
23.28
|
-14.71
|
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