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NCDEX Turmeric November Weekly: Expect Lower Range To Be Tested

7 Nov 2017 9:34 am
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Report For Date: 06/11/2017


NCDEX Turmeric November Weekly: Expect Lower Range To Be Tested

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

Hold long position with a stop loss of 6786.

Resistance is at 7319-7699.

Accumulate at 7111-6969 with a stop loss of 6786.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 7178.00 7096.18 UP 6228.0 23.06 6619 6969 7111 7319 7669

*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
7178.0 -1.4 8545 63.5 5560 55.7 Indecisive Addition long/Short

TECHNICAL INDICATORS TABLE

RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
52.67 -5.16 52.19 -19.71 209.67 -11.65 45.49 -16.74
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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