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NCDEX Turmeric November Weekly: Expect Higher Range To Be Tested

20 Nov 2017 10:34 am
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Report For Date: 20/11/2017


NCDEX Turmeric November Weekly: Expect Higher Range To Be Tested

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

Hold long position with a stop loss of 6800.

Weaker opening and correction first to 7052-6904 can be used for buying with a stop loss of 6800.

Expect higher range of 7298-7692 to be tested.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 7150.00 7089.78 UP 7150.0 17.11 6510 6904 7052 7298 7692

*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
7150.0 2.1 9360 -44.3 2880 -58.9 Positive Unwinding

TECHNICAL INDICATORS TABLE

RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
51.11 7.08 34.67 4.66 129.61 -12.97 48.40 28.06
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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