NCDEX Turmeric December Weekly: Cover Short Position

Report For Date: 28/11/2016

NCDEX Turmeric December Weekly: Cover Short Position

NCDEX Turmeric (Price are in INR (Rs)/Quintal)

Traders long can maintain the stop loss at 7000.

Cover short position at 7346 or below as the opportunity arises.

Sell on fall and close below 7000 with high of the week as the stop loss or 7346 whichever is higher.

Exit long on rise to 7505-7897 range as the opportunity arises

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	7346.00	7581.64	DOWN	8810.0	18.03	6721	7113	7271	7505	7897

*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 can hold long position with DRV as the closing stop loss and close >DRV. Traders can hold short position with DRV as the closing stop loss and close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE	PRICE G/L%	VOLUME	% V INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	POSITION
7346.0	-3.2	10515	715.1	7590	0.0	Positive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
45.18	-8.32	67.82	-17.78	-221.29	6.67	42.37	-21.56

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.