Report For Date 02/07/2015NCDEX Barley July (Price in Rs(INR)/Quintal)The trend is down Barley futures on NCDEX.
July 2015 futures contract has settled at Rs 1,220.50 per quintal Wednesday.
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
1220.50
1246
DOWN
1267
17.06
1206
1216
1220
1225
1235
*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
1220.5
0.1231
1920
-17.2414
16020
-1.4154
Indecisive
Unwinding
TECHNICAL INDICATORS TABLE
RSI
1-ROC-RSI
STOCHASTIC
1-ROC-STOCHASTIC
MACD
1-ROCMACD
RS
1-ROCRS
34.77
2.53
15.82
-44.43
-14.41
-3.58
33.56
-14.22
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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