Capital stroke NCDEX Update : COTTON 30 JULY 2014

CMP-836 Overall trend of the Cotton is bearish for medium-long term .Currently cotton is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the cotton. The cotton is now trading in oversold level. The cotton is now trading in oversold level. The oscillator is showing SELL signal For short term cotton is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for cotton is 827.Resistance for the cotton is 873-874-877-897-906-910.

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