To sense the position of any control element like the ball valve, you can use several sensor types. Depends upon what precision you need in finding the exact position.
A ball valve usually operates in two positions only - on and off. For this you need a pair of contacts located around the two end positions of the lever. You can use also optical switches, with a LED and a photodiode, for the same operation.
If you need a high-precision angular-position sensor, then find suitable rotary sensors offering up to >1000 output pulses for one revolution, ~250 pulses for one-quarter rotation.
You can also use various potentiometers to develop a voltage proportional to valve setting angle.
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And yes, you can connect any of the above sensors to a radio link for remote indication or control.