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NCDEX Barley Oct: Book Profits At Higher Range

21 Sep 2018 10:18 am
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Report For Date: 21/09/2018


NCDEX Barley Oct:
Book Profits At Higher Range

NCDEX Barley Oct (Price are in INR (Rs)/Quintal)

The trend is up but nature of the movement is sideways.

Book profits at higher range to 1764 – 1800 or above as the opportunity arises.

Wait for any fresh positions for the time-being.
CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
1748 1679 UP 1500 4.07 1670 1717 1732 1764 1811

*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: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE PRICE G/L% VOLUME V -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION
1748.0 2.0 990 130.2 7520 1.5 Positive Addition Long

TECHNICAL INDICATORS TABLE

RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
81.9904 7.2301 91.844 7.08 24.6877 17.2517 82.6659 6.5551





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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