Wednesday 20 August 2014

Capital stroke NCDEX Update : COTTON 21 August 2014




Trend updated for-Aug/21/2014.CMP-828 Overall trend of the Kapas is bearish for medium-long term .Currently Kapas is moving sideways The oscillator is on BUY Signal and Kapas is recovering from oversold level .In last 3 weeks Kapas is trading in low volatality and fresh Buy can be considered in the Kapas if it close above851 or buy with strict stop at 783. The oscillator is on BUY Signal and Kapas is recovering from oversold level For short term Kapas is in HOLD LONG position.Positionally Support for the Kapas is 809-807-.Resistance for the Kapas is 843-861-876-882-

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