NCDEX Turmeric June Weekly: Further Weakness Is Below 5300

Report For Date: 15/05/2017

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

Traders short and holding the same can maintain the stop loss at 6058.

Harami candle has been witnessed which suggest that resistance of 5820 or above could be tested.

Weakness is below 5300 and sell is below 5300 with high of the week as the stop loss or 5698 whichever is higher.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Short	5698.0	6432.8	DOWN	8592.0	22.01	5196	5508	5630	5820	6132

*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
5698.0	4.2	34250	14.4	16330	45.0	Positive	Addition Long

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
29.45	35.52	14.75	-18.37	-335.50	-7.36	32.62	100.53

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.