NCDEX Turmeric September Weekly: Higher Range Is To Book Profits

Report For Date: 04/09/2017

NCDEX Turmeric September Weekly: Higher Range Is To Book Profits

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 7404-7298.

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	7484.00	6969.76	UP	6150.0	23.06	7006	7298	7404	7590	7882

*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
7484.0	0.9	20945	32.4	8305	-37.1	Indecisive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
63.42	1.37	54.95	-4.36	256.23	8.75	65.78	14.03

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.