NCDEX Barley Dec: Exit Long Positions
Report for Date 01/12/16
NCDEX Barley Dec (Price in Rs(INR)/Quintal)
The trend is sideways in Barley futures on National Commodity and Derivatives Exchange (NCDEX).
Barley Dec 2016 futures contract settled at Rs 1841.00 per quintal Wednesday.
Ideally, exit long positions on rise to 1865 – 1885 levels or above as the opportunity arises.
Re-enter long on rise and close above 1926.
TREND INFORMATION WITH INTRA-DAY LEVELS
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STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Exit Long
|
1841.00
|
1852.56
|
DOWN
|
N/A
|
N/A
|
1830
|
1837
|
1839
|
1844
|
1851
|
*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
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LAST CLOSE
|
PRICE G/L%
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VOLUME
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% V INC/DEC
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OPEN INTEREST
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% OI INC/DEC
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CANDLE
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POSITION
|
|
1841.0
|
-0.6
|
90
|
-57.1
|
1130
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-7.4
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Indecisive
|
Unwinding
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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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