NCDEX Turmeric April 2019 Weekly: Upside Movement Above 6870

Report For Date: 07/01/2019

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


Cover short position at 6614 or below as the opportunity arises.

Traders can buy above 6870 with low of the week as the stop loss or 6614 whichever is lower.

Weakness will resume below 6492.

Near term band of movement is 6870 to 6492.

Next directional movement is out the band 6870-6492.


TREND INFORMATION WITH WEEKLY LEVELS

*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

TECHNICAL INDICATORS TABLE

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.