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NCDEX Turmeric April’17: Higher Range Is To Exit Long

17 Feb 2017 9:43 am
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Report For Date 17/02/2017

NCDEX Turmeric April’17: Higher Range Is To Exit Long

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

Accumulate at 6875 or below with a stop loss of 6800.

Resistance will be at 6963-7015-7030.

Further breakout and close above 7030 is essential.

Rise to 7015 or above can be used to take profits or exit long position.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

6928.00

6826.77

UP

6832.0

13.02

6735

6875

6963

7015

7155


*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

6928.0

-0.9

2470

-32.0

13750

1.6

Negative

Addition Short



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

55.59

-6.56

62.13

3.21

26.82

18.93

68.88

-11.05





Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.




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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