NCDEX Turmeric November Weekly: Accumulate

Report For Date: 23/10/2017

NCDEX Turmeric November Weekly: Accumulate

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

Accumulate at 7498-7401 with a stop loss of 7000.

Higher range for the day can be 7573-7745.

Further breakout and close above 7886 can set a rally.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	7498.00	7100.91	UP	6150.0	23.06	7229	7401	7475	7573	7745

*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
7498.0	-0.8	4360	-3.2	5995	1111.1	Indecisive	Addition long/Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
60.09	-2.54	62.39	23.65	258.04	-2.29	58.00	-8.11

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.