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NCDEX Turmeric May 2019 Weekly: Resistance At Higher Range

29 Apr 2019 9:09 am
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Report For Date: 29/04/2019

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


Cover short position at 6480 or below.

Resistance will be at 6633-6951.

Hold long position if any with a stop loss of 6032.

Further rise is above 6720.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

6480.00

6474.58

UP

6480.0

26.04

5997

6315

6467

6633

6951


*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

6480.0

1.2

18710.0

417.6

13295.0

-24.8

Indecisive

Unwinding



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

50.43

4.96

68.68

-3.35

-72.38

17.11

46.29

12.08

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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