Report For Date 22/04/2015NCDEX Barley May (Price in Rs(INR)/Quintal)The trend has turned up in Barley futures on NCDEX.
May 2015 futures contract has settled at Rs 1,179.00 per quintal Tuesday.
Ideally, cover short positions on dips to Rs 1,173-1,168 levels or below as the opportunity arises.
Buy on breakout above Rs 1,198 with stop loss of Rs 1,161.
Expect a rise to Rs 1,240-1,270 in coming sessions.TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Cover Short
1179.0
1150.8
UP
1154.0
8.04
1148.7
1168.7
1178.3
1188.7
1208.7
*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 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
1179.0
1.07
7410
63.94
27390.00
-3.83
Positive
Unwinding
TECHNICAL INDICATORS TABLE
RSI
1-ROC-RSI
STOCHASTIC
1-ROC-STOCHASTIC
MACD
1-ROCMACD
RS
1-ROCRS
61.29
6.51
39.46
-19.74
6.67
23.78
47.22
18.21
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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