Report For Date 24/04/2015NCDEX 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
RSI
1-ROC-RSI
STOCHASTIC
1-ROC-STOCHASTIC
MACD
1-ROCMACD
RS
1-ROCRS
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.
Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.