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NCDEX Turmeric December Weekly: Cover Short Position

1 Dec 2018 1:29 pm
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Report For Date: 03/12/2018


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

Support will be at 6447-6304.

Traders short and holding the same can maintain the stop loss at 6645.

Cover short position till 6502 is not violated.

Expect a rise towards WRV-6832 is possible if sustains above 6645.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

6502.00

6832.51

DOWN

6560.00

19.10

5964

6304

6447

6644

6984


*Trend will remain down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders can hold long position with WRV as the closing stop loss and close >WRV. Traders can hold short position with WRV as the closing stop loss and close <WRV.


PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

6502.0

0.3

13995.0

33.0

8775.0

-23.1

Indecisive

Unwinding




TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

41.15

1.66

32.89

31.38

-133.27

-2.60

34.31

28.55




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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