Report for Date: 03/03/15
The trend is down but a recovery is being seen in Barley futures on National Commodity & Derivatives Exchange (NCDEX).
Most active April 2015 Barley futures contract has settled at Rs 1,168.50 per quintal Monday.
Ideally, cover short positions on dips to Rs 1,165-1,158 levels or below as the opportunity arises.
A recovery towards the resistance levels of Rs 1,188-1,200 levels could be seen in coming sessions.
INTRA-DAY LEVELS FOR NCDEX BARLEY APR 2015 CONTRACT
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Cover Short
|
1168.5
|
1172.6
|
DOWN
|
1231.5
|
2.02
|
1118.2
|
1150.7
|
1165.3
|
1183.2
|
1215.7
|
*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 Inc/Dec
|
Open Interest
|
% OI Inc/Dec
|
Candle
|
Position
|
1168.5
|
2.28
|
5700
|
1681.25
|
10620.00
|
20.82
|
Positive
|
Addition Long
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
42.58
|
41.20
|
57.94
|
64.26
|
-23.01
|
11.00
|
58.87
|
42.92
|
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.