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NCDEX Turmeric April Weekly: Expect Lower Range To Be Tested

13 Feb 2017 9:45 am
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Report For Date:13/02/2017


NCDEX Turmeric April Weekly: Expect Lower Range To Be Tested

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

Traders short and holding the same can maintain the stop loss at 7096.

Resistance will be at 6923-7143.

Support will be at 6821-6703.

Lower range and support of 6703-6483 can be used to cover short position.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Short

6804.00

7249.88

DOWN

8810.0

18.03

6483

6703

6821

6923

7143


*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

6804.0

0.4

8935

3.1

13075

-1.7

Indecisive

Unwinding


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

41.54

1.34

39.90

-15.65

-249.06

2.95

52.39

10.18

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.


       
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