NCDEX Turmeric May Weekly: Further Weakness Is Below 6500

Report For Date: 02/04/2018

NCDEX Turmeric May Weekly: Further Weakness Is Below 6500

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

Traders short and holding the same can maintain the stop loss at 7242.

Exit long and sell on rise to 6774 or above with a stop loss of 7242.

Support is at 6602-6500.

Expect movement to be between 6500-7242.

Sell is below 6500 with high of the week as the stop loss.

Buy if breakout and close above 7242 is witnessed.



TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
-	6694.00	7058.72	DOWN	6966.0	23.02	6430	6602	6682	6774	6946

*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
6694.0	-1.1	6000	-32.4	7860	5.5	Indecisive	Addition long/Short

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	STOCHASTIC	1-ROC STOCHASTIC	MACD	1-ROC MACD	RS	1-ROC RS
39.74	-3.18	37.30	-9.54	-108.99	-28.41	36.69	-13.38

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.