Report For Date 29/05/2015NCDEX Barley June (Price in Rs(INR)/Quintal)The trend is sideways in Barley futures on NCDEX.
June 2015 futures contract has settled at Rs 1,263.50 per quintal Thursday.
Hold long positions with a stop loss of Rs 1,245.
Expect a rise to Rs 1,285-1,310 levels in coming sessions.TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Long
1263.5
1276.9
SW
1292.5
7.05
1243.3
1257.8
1266.7
1272.3
1286.8
*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
1263.5
-0.35
5360
63.41
27990.00
-2.51
Negative
Unwinding
TECHNICAL INDICATORS TABLE
RSI
1-ROC-RSI
STOCHASTIC
1-ROC-STOCHASTIC
MACD
1-ROCMACD
RS
1-ROCRS
58.25
-3.46
44.00
9.12
10.69
-9.50
41.72
-3.62
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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