NCDEX Barley April: Avoid Fresh Positions Amidst Sideways Movement
Report for Date 09/02/16
NCDEX Barley April (Price in Rs(INR)/Quintal)
The trend is up in Barley futures on National Commodity and Derivatives Exchange (NCDEX).
Barley April 2016 futures contract settled at 1428.00 per quintal Monday.
It is advisable to avoid fresh positions for the time-being in view of an indecisive trend.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Avoid Fresh Positions
|
1428
|
1431
|
DOWN
|
1428.0
|
8.02
|
1390
|
1416
|
1431
|
1442
|
1468
|
*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
|
|
1428.0
|
-0.35
|
980
|
38.03
|
6600.00
|
-3.08
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
55.99
|
-3.67
|
38.99
|
-25.79
|
6.99
|
-10.07
|
61.43
|
-16.57
|
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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