Report For Date: 27/03/2017
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
21420.0
|
20568.2
|
UP
|
19950.0
|
6.01
|
20557
|
21087
|
21283
|
21617
|
22147
|
Close
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
21420.0
|
0.8
|
262580
|
-48.4
|
4726
|
-23.7
|
Positive
|
Unwinding
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
65.32
|
1.99
|
78.43
|
-5.04
|
476.21
|
7.94
|
73.03
|
0.83
|
MCX Cotton Bales: (Price in Rs/Per Bale)
Traders long and holding the same can maintain the stop loss at 20800.
Resistance is at 21617-21800.
Further rise is above 21800 closing.
Bandwidth increased with the rise and positive candle.
Trend is above as closing is above the DRV.
Expect the 61.8% retracement to be tested as shown in the chart which is around 21790.
Weakness will resume below 20800.
TREND INFORMATION WEEKLY LEVELS
*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
TECHNICAL INDICATORS TABLE
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.