Report For Date: 24/12/2018
NCDEX Turmeric (Price are in INR (Rs)/Quintal)
Cover short position at 6604 or below as the opportunity arises.
Swing bottom appears to have been formed.
Support will be at 6488-6316.
Expect higher range of 6776-7236.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
6604.00
|
6715.49
|
DOWN
|
6560.00
|
19.10
|
5856
|
6316
|
6488
|
6776
|
7236
|
*Trend will remain down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders can hold long position with WRV as the closing stop loss and close >WRV. Traders can hold short position with WRV as the closing stop loss and close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
6604.0
|
4.9
|
1065.0
|
-88.1
|
13665.0
|
8716.1
|
Positive
|
Addition Long
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
47.03
|
26.33
|
53.54
|
58.21
|
-147.34
|
10.14
|
53.40
|
89.65
|
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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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