Report For Date:27/02/2017
NCDEX Turmeric April Weekly: Pullback Is Above 7096 Closing
NCDEX Turmeric (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 7096.
Resistance will be at 6961-7096.
Support will be at 6673-6482.
Support from last bottoms is at 6612-6482.
Downside momentum will continue on fall and close below 6482.
Traders short can maintain the stop loss at 7096 and look to cover short position at 6798 to 6482 as the opportunity arises.
Reversal can be witnessed on rise and close above 7096 closing.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
6798.00
|
7220.15
|
DOWN
|
8810.0
|
18.03
|
6385
|
6673
|
6835
|
6961
|
7249
|
*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
|
6798.0
|
-0.5
|
11655
|
5.0
|
13010
|
-1.6
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
41.60
|
-1.58
|
47.73
|
-0.62
|
-229.41
|
3.63
|
53.42
|
-3.97
|
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.