NCDEX Turmeric November Weekly: Accumulate

Report For Date: 16/10/2017

NCDEX Turmeric November Weekly: Accumulate

NCDEX Turmeric (Price are in INR (Rs)/Quintal)

Accumulate at 7388-7200 with a stop loss of 6860.

Resistance will be at 7624-8048.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	7436.00	7084.75	UP	6228.0	23.06	6776	7200	7388	7624	8048

*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
7436.00	2.4	15715	87.6	6425	-17.6	Positive	Unwinding

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
58.07	5.65	38.38	33.40	241.01	-3.09	56.58	13.79

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.