NCDEX Barley Oct : Hold Short Positions
Report For Date 29/09/2015
NCDEX Barley Oct (Price in Rs(INR)/Quintal)
The trend is down in Barley futures on National Commodity and Derivatives Exchange (NCDEX).
Barley Oct 2015 futures contract settled at 1209 per quintal Thursday.
Continue to hold short positions with a stop loss of 1224
Expect a fall to 1205-1195 levels in coming sessions.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
1209
|
1212
|
DOWN
|
1210.0
|
9.09
|
1195
|
1205
|
1210
|
1214
|
1224
|
*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
|
|
1209.0
|
0.9
|
2080
|
-4.6
|
14620
|
-3.6
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
48.44
|
11.00
|
61.49
|
47.23
|
-5.27
|
14.64
|
38.60
|
-11.98
|
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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