Report For Date 01/07/2015
NCDEX Barley July (Price in Rs(INR)/Quintal)
The trend is down Barley futures on NCDEX.
July 2015 futures contract has settled at Rs 1,219 per quintal Tuesday.
Continue to hold short positions with a stop loss of Rs 1,244.
Expect a fall to Rs 1,200-1,180 levels or below in coming sessions.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
1219.0
|
1246.8
|
DOWN
|
1255.5
|
18.06
|
1203.7
|
1214.2
|
1219.8
|
1224.7
|
1235.2
|
*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
|
|
1219.0
|
-0.57
|
2320
|
4.98
|
16250.00
|
-4.02
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
34.00
|
-5.76
|
28.47
|
-37.60
|
-13.81
|
-7.66
|
39.06
|
17.89
|
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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