NCDEX Turmeric April: Further Rise Is On Close Above 7300 20 Mar 2018 10:18 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date 20/03/2018 NCDEX Turmeric April: Further Rise Is On Close Above 7300 NCDEX Turmeric (Price are in INR (Rs)/Quintal) Market so far behaved as per our expectations and hits high of 7176 against our forecasted levels of 7150. However, the prices unable to hold around higher levels and settled at 7074. The current rise is looks like corrective in nature and prices are likely to go down again. Crucial resistance is at 7300 and prices close above it may mark a major reversal. Till then it is advisable to wait for any fresh developments to re-enter in to the trade. TREND INFORMATION WITH INTRA-DAY LEVELS CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 7074 6850 UP 6812 15.03 6728 6956 7066 7184 7412 *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 7074.0 2.2 8820 141.6 8745 4.4 Positive Addition Long TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 57.3 12.4 73 27.6 -69 29.0 81.11 17.64 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   Rate this story 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 :       Post Comment		Latest TechAnalysis Report Turmeric (Jun 24) Neutral Trend / Sell on Breakout / S... Spices Jeera (May 24) Bearish Trend / Sell at CMP / K... Coriander (May 24) Bearish Trend / Sell at CMP / Key R... Turmeric (Jun 24) Bearish Trend / Sell at CMP / Key Re... Spices Jeera (May 24) Bearish Trend / Sell at CMP / K... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Base Metals Copper (Apr 24) Bullish Trend / Buy on Di... Top 5 Special Reports US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa... Mumbai Black Matpe (Urad) Trending Higher / Next Resis...