Report For Date 06/07/2015NCDEX Barley Aug (Price in Rs(INR)/Quintal)The trend is down Barley futures on NCDEX.
Aug 2015 futures contract has settled at Rs 1,234 per quintal Friday.
Continue to hold short positions with a stop loss of Rs 1,248.
Expect a fall to Rs 1,210-1,180 levels or below in coming sessions.TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend Price
Trend Date
L1
L2
CP
L3
L4
Hold Short
1234
1262
DOWN
1262
19.06
1215
1229
1237
1242
1256
*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
1234
-0.8835
2550
140.566
10240
4.918
Negative
Addition Short
TECHNICAL INDICATORS TABLE
RSI
1-ROC-RSI
STOCHASTIC
1-ROC-STOCHASTIC
MACD
1-ROCMACD
RS
1-ROCRS
29.67
-10.21
16.10
-8.01
-15.68
-6.54
22.05
-15.51
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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