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NCDEX Turmeric April 2019 Weekly: Resistance At Higher Range

12 Jan 2019 4:50 pm
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Report For Date: 14/01/2019


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


Traders long and holding the same can maintain the stop loss at 6492.

Resistance will be at 6684-6870.

Traders may take profits at 66404-6870 as the opportunity arises.

Re-enter long on rise and close above 6870.

Correction can be seen below 6492 closing.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

6604.0

6714.1

DOWN

6560.0

19.10

6396

6540.0

6620.0

6684.0

6828.0


*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

6604.0

-0.2

5510.0

-8.6

13275.0

1.3

Indecisive

Addition long/Short



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

47.09

-0.58

73.24

-7.85

-104.16

9.12

50.17

4.45

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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