Report For Date: 18/02/2019
NCDEX Turmeric (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 6473.
Resistance will be at 6327-6369-6473.
Lowe range can be 6265-6161.
The last swing bottom was at 5978.
Correction towards 6134 or below can be used for accumulation with a stop loss of 5978 on a contrarian view basis
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
6306.00
|
6694.83
|
DOWN
|
6560.00
|
19.10
|
6161
|
6265
|
6327
|
6369
|
6473
|
*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
|
|
6306.00
|
-0.57
|
5530.00
|
-16.90
|
12785.00
|
0.83
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
38.84
|
-2.50
|
10.36
|
-4.53
|
-119.05
|
-5.72
|
38.42
|
-5.75
|
.png)
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.
0 Comments 
Post Comment 
