Report For Date: 02/05/2017
NCDEX Turmeric May Weekly: Expect Lower Range To Be Tested
NCDEX Turmeric (Price are in INR (Rs)/Quintal)
Traders short and holding the same can maintain the stop loss at 6376.
Exit long and sell on rise to 6127-6203 with a stop loss of 6376.
Expect lower range of 5981-5759 to be tested.
TREND INFORMATION WITH WEEKLY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
6058.00
|
6608.19
|
DOWN
|
8810.0
|
18.03
|
5759
|
5981
|
6127
|
6203
|
6425
|
*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
|
|
6058.0
|
-2.5
|
20465
|
177.9
|
17535
|
-14.0
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
29.92
|
-8.58
|
32.78
|
38.62
|
-302.16
|
-3.29
|
28.89
|
-4.89
|
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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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