Report For Date 8/10/2015
NCDEX Kapas April 2016: Exit Long On The Rise
NCDEX Kapas April 2016 in Rs/20Kg
Hold long position with a stop loss of 855.
Exit long on rise from 859 to 878 as the opportunity arises.
Re-enter long on rise and close above 878 with low of the day stop loss or 859 whichever is lower.
Expect 852-830 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
859.50
|
846.39
|
UP
|
841.00
|
1.10
|
830.7
|
851.7
|
864.8
|
872.7
|
893.7
|
*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
|
|
859.5
|
-0.5
|
10507
|
51.2
|
9258
|
2.7
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
53.98
|
-4.77
|
80.87
|
-2.25
|
-3.10
|
28.89
|
37.67
|
-1.17
|
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