NCDEX Turmeric April Weekly: Pullback Is Above 7096 Closing

Report For Date:20/02/2017

NCDEX Turmeric April Weekly: Pullback Is Above 7096 Closing

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 6891-6993.

Support will be at 6733-6473.

Lower range and support of 6733-6473 can be used to cover short position.

Pullback can resume above 7096 closing.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	6834.00	7226.11	DOWN	8810.0	18.03	6473	6733	6891	6993	7253

*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
6834.0	0.4	11095	24.2	13220	1.1	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
42.27	1.74	48.03	20.36	-238.04	4.42	55.63	6.17

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.