NCDEX Barley Aug: Book Profits And Exit Long Positions 28 Jul 2016 9:50 am   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Barley Aug: Book Profits And Exit Long Positions Report for Date 28/07/16 NCDEX Barley Aug (Price in Rs(INR)/Quintal) The trend is up but a profit taking is being witnessed in Barley futures on National Commodity and Derivatives Exchange (NCDEX). Barley Aug 2016 futures contract settled at Rs 1606.00 per quintal Wednesday. Book profits on rise to 1614 – 1624 levels or above as the opportunity arises. Re-enter long on rise and close above 1635. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Book Profits 1606.0 1592.5 UP 1573.5 13.07 1545 1584 1600 1622 1661 *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 1606.0 -0.09 4440 118.72 9770.00 -8.95 Indecisive Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 54.72 -1.27 54.24 -20.41 8.14 -3.60 56.68 11.86 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 Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Top 5 News Market Snapshot MCX - NCDEX Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (May 24) Neutral Trend / Buy on Breakout / ... Base Metals Zinc (May 24) Bullish Trend / Buy at CMP ... Base Metals Copper (May 24) Neutral Trend / Buy on Br... Top 5 Special Reports Sunflower Refined Oil (AP) Inflection Point: Trading N... Black Matpe (Urad) SQ Chennai Consolidating in an Uptr... US soybean net sales for April 19-25 at 414,000 MT, up ... US cotton net export sales for April 19-25 at 97,400 RB... Delhi Chana Rajasthan Line Bullish Price Trend / Next ...