NCDEX Barley June: Exit Long Positions
Report for Date 25/05/16
NCDEX Barley June (Price in Rs(INR)/Quintal)
The trend is up and some upward movement witnessed in last trading session in Barley futures on National Commodity and Derivatives Exchange (NCDEX).
Barley June 2016 futures contract settled at Rs 1552.50 per quintal Tuesday.
Ideally, book profits and exit long positions on rise to Rs 1560 – 1575 levels or above as the opportunity arises.
Re-enter long on rise and close above Rs. 1582.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit Long
|
1552.5
|
1536.5
|
UP
|
1549.0
|
23.05
|
1536
|
1546
|
1550
|
1557
|
1567
|
*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
|
|
1552.5
|
0.23
|
830
|
-38.06
|
14750.00
|
-1.86
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
59.70
|
1.79
|
79.49
|
7.42
|
2.65
|
164.97
|
67.64
|
4.78
|
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.
View Full Image
|
0 Comments 
Post Comment 
