Report For Date: 20/11/2017
NCDEX Kapas April 2018 in Rs/20Kg
Traders long and holding the same can maintain the stop loss at 900.
Expect higher range of 926-945 to be tested.
Retracement level is at 967.
If Kapas prices manages to sustain above 926 then expect a rally towards 967 in near term to short term.
Bandwidth increased and indicators showing positive movement behavior.
Therefore, another sustained rise and close above 926 can set a rally.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
919.50
|
913.08
|
UP
|
919.5
|
17.11
|
888
|
907
|
914
|
926
|
945
|
*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
|
919.5
|
0.9
|
17680
|
-21.2
|
6599
|
-5.6
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
54.25
|
3.58
|
86.80
|
21.89
|
-12.92
|
23.97
|
70.69
|
3.81
|
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.