Report For Date: 05/01/2018
NCDEX Turmeric April Weekly: Accumulate At Lower Range
NCDEX Turmeric (Price are in INR (Rs)/Quintal)
Traders long and holding the same can maintain the stop loss at 6776.
Traders can buy above 8066 with low of the week as the stop loss or 7540 whichever is lower.
Accumulate at 7368-6942 with a stop loss of 6776.
Resistance will be at 7622-7794.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
-
|
7540.00
|
7161.61
|
UP
|
7462.0
|
24.11
|
6942
|
7368
|
7622
|
7794
|
8220
|
*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
|
7540.0
|
-3.9
|
12405
|
6.9
|
10490
|
-0.7
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
55.26
|
-10.38
|
74.94
|
8.98
|
165.88
|
-2.04
|
50.50
|
-25.74
|
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.