Report For Date: 28/08/2017
NCDEX Turmeric (Price are in INR (Rs)/Quintal)
Resistance at higher range is of the gap-7760-8030.
Traders long and holding the same can maintain the stop loss at 6786.
Support will be at 7265-7003.
Further breakout and close above 8030 is essential.
Breakout above the gap is must therefore use rise to 7527-7789-8030 to exit long and take profits.
TREND INFORMATION WITH WEEKLY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
7420.00
|
6914.07
|
UP
|
6150.0
|
23.06
|
7003.3
|
7265.3
|
7372.7
|
7527.3
|
7789.3
|
*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
|
7420.0
|
-0.6
|
15815
|
2192.0
|
13205
|
13105.0
|
Indecisive
|
Addition long/Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
61.18
|
11.55
|
51.48
|
17.27
|
414.71
|
15.06
|
53.17
|
20.81
|
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.