Report For Date 24/04/2015
NCDEX Barley May (Price in Rs(INR)/Quintal)
The trend is up and a trendline breakout has been seen in Barley futures on NCDEX.
May 2015 futures contract has settled at Rs 1,226 per quintal Thursday.
Hold long positions with a stop loss of Rs 1,173.
Corrective dips to Rs 1,215-1,200 can be used for buying.
Expect a rise to Rs 1,241-1,282 levels or above in coming sessions.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Long
|
1226.0
|
1157.8
|
UP
|
1154.0
|
8.04
|
1159.0
|
1200.0
|
1215.0
|
1241.0
|
1282.0
|
*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
|
|
1226.0
|
2.81
|
16290
|
76.68
|
23940.00
|
-7.28
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
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RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
70.43
|
11.91
|
78.93
|
52.13
|
10.89
|
59.70
|
55.11
|
19.59
|
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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