NCDEX Turmeric June Weekly: Further Weakness Is Below 5434

Report For Date: 22/05/2017

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

Bandwidth is rising, trend is down prices are falling.

Indicators table shows that indicators values are falling.

This suggest down trend and directional movement on down downside.

Traders short and holding the same can maintain the stop loss at 6115.

Sell is below 5434 with high of the week as the stop loss or 5602 whichever is higher.

Sell on rise to 5777 or above with a stop loss of 6115.

TREND INFORMATION WITH WEEKLY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.