MCX Cotton Bales December: Expect Lower Range To Be Tested

Report For Date 25/11/2015

MCX Cotton Bales December: Expect Lower Range To Be Tested

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

Exit long and sell on rise to 15780 or above with a stop loss of 15900.

Expect lower range of 15710-15640.

Downside momentum can continue on fall and close below 15660.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	15740	15847	DOWN	15830.0	20.11	15640	15710	15750	15780	15850

*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
15740.0	0.1	12030	-51.2	6373	-1.7	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

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RSI	1-ROC-RSI	STOCHASTIC	1-ROC- STOCHASTIC	MACD
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