NCDEX Barley Oct: Hold Long Positions 1 Oct 2016 12:37 pm   0 Comments  |   Post Comment  |  Font Size A A A  NCDEX Barley Oct: Hold Long Positions Report for Date 03/10/16 NCDEX Barley Oct (Price in Rs(INR)/Quintal) The trend is up in Barley futures on National Commodity and Derivatives Exchange (NCDEX). Barley Oct 2016 futures contract settled at Rs 1570.50 per quintal Friday. Hold long positions with a stop loss of 1550. Expect a rise to 1645 – 1675 levels or above. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 1570.50 1559.29 UP 1556 14.09 1562 1568 1572 1575 1581 *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 1570.5 -0.5 1470 79.3 4760 -13.0 Negative Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 53.86 -5.32 21.80 -9.15 8.92 -6.73 55.01 -18.31 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 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 on Dips... Base Metals Lead (May 24) Bullish Trend / Buy on Dips... Base Metals Copper (May 24) Neutral Trend / Buy on Br... Top 5 Special Reports Soybean Meal (Indore) Consolidating Near Short-term Su... Burma Pigeon Pea (Tur) CNF$ Lemon Positive Trend / Nex... Rice Bran Refined Oil (Ludhiana) Trading in a Range (R... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... U.S. Soybean Oil Loses Ground in Biofuel Market