Login ID:
Password:
Partner Login
Contact Us : 07666977977

NCDEX Turmeric September: Exit Long On The Rise

11 Aug 2017 10:32 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report For Date 11/08/2017


NCDEX Turmeric September: Exit Long On The Rise NCDEX Turmeric (Price are in INR (Rs)/Quintal)


Traders short and holding the same can maintain the stop loss at 7440.

Higher range of 7494-7670 can be used to exit long position.

Lower range for the day can be 7318-7142.
TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 7398.00 7767 Down - - 7142.67 7318.67 7415.33 7494.67 7670.67

*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
7398.0 -1.0 9120 -8.0 14330 7.8 Indecisive Addition long/Short

TECHNICAL INDICATORS TABLE
RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
56.24 -16.06 41.41 -38.04 260.18 -9.81 42.67 -30.45





Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum.


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.

View Full Image
Read Disclaimer
N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest TechAnalysis Report
NCDEX Turmeric November: Expect Higher Range To B...
NCDEX Jeera November 2017: Exit Long On The Rise
NCDEX Dhaniya November 2017: Exit Long On The Ri...
NCDEX Dhaniya November 2017: Exit Long On The Ris...
NCDEX Jeera November: Lower Range Is To Cover Shor...
more
Top 5 News
NCDEX Coc December: Further Weakness Is Below 1491
NCDEX Kapas April 2018: Lower Range Can Attract Suppo...
MCX Cotton Bales November: Further Weakness Is Below ...
NCDEX Refined Soya Oil November: Expect Higher Range...
NCDEX Soya Bean November: Exit Long On The Rise
Top 5 Special Reports
India Cotton Shipments Up 5%, Y/y, 2016/17
Technical: Chana Indore Spot : Expect Lower Range To Be...
Technical: Turmeric Nizamabad Spot : Correction Is For ...
Technical: Red Chilli Guntur Spot : New Rising Leg Resu...
Weekly: Raw Pulses Trade Mix; Slow Demand In Dals
Copyright © CC Commodity Info Services LLP. All rights reserved.