Thursday, 4 September 2014

Capital stroke NCDEX Update : COTTON 5 September 2014





Trend updated for-Sep/05/2014.CMP-774 Overall trend of the Kapas is bearish for medium-long term .Currently Kapas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing SELL signal For short term Kapas is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Kapas is 760.Resistance for the Kapas is 812-823-859-871-876-

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