NCDEX Kapas April 2017: Contraction Of Movement Being Witnessed 21 Feb 2017 9:46 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date:21/02/2017 NCDEX Kapas April 2017: Contraction Of Movement Being Witnessed NCDEX Kapas April 2017 in Rs/20Kg. Traders long and holding the same can maintain the stop loss of 1006. Expect higher range of 1019-1031 to be tested. Bandwidth is flat which suggest sideways movement. Further rally can continue if breakout and close above 1041 is witnessed. Use rise to higher range to exit long position. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 1011.00 1003.73 UP 1007.5 17.01 994 1006 1014 1019 1031 *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 1011.0 -1.1 4815 65.7 12150 2.6 Negative Addition Short TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 51.38 -10.57 32.26 -20.65 8.34 -13.58 50.71 -31.13 Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place. Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest TechAnalysis Report Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Cotton Complex Kapas (Apr 24) Bearish Trend / Sell on... Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Cotton Complex Kapas (Apr 24) Bearish Trend / Sell on... Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Aluminium (Apr 24) Bullish Trend / Buy-on-Dips / Key S... Top 5 Special Reports Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...