NCDEX Turmeric April Weekly: Cover Short Position

Report For Date: 19/03/2018

NCDEX Turmeric April Weekly: Cover Short Position

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

Traders short and holding the same can maintain the stop loss at 6950.

Cover short position at 6924 or below as the opportunity arises.

If sustains above 6964 and above the open of the week then expect rise towards 7037-7335.

A swing bottom appears to be in place as a result of the higher low and higher high post Piercing Line candlestick pattern last week.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	6924.00	7054.45	DOWN	6898.00	23.02	6441	6739	6851	7037	7335

*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
6924.0	1.2	15850	-22.8	8380	-14.8	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
45.58	3.78	31.91	71.89	-64.79	-20.24	41.98	13.03

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.