Ncdx Trading Tips

[ncdx]

How can i know the current spot price of URAD as the NCDEX website is not being updated as it is a holiday.

Also ncdx what are we expecting tomorrow on Urad , will it open a little higher also do we see a 3000 this week or will we have to wait for next week ?

Hi Adil,
Happy Diwali And ID..
As i was afraid 2950 was a big hurdle.. nov has touched 2950 on muhurt trading and takes a beating i would rather call it Profit booking of 125 Rs. No need to worry for long term fundamentals r very strong. i hope by the saturday nov gonna touch and cross 3000.. reports from all india coming very positive.. dont worry who r long in Urad.. ya sopt is quoted aroung 2975 - 3000 today here in bombay..

Chana has gained all over india today.. will open higher tomoorow.. so dont b in a hurry for profit booking..its on its way to 2150 (Dec). keep "AWAY" from jan and feb..

 

[joy_mitali]

Hello NCDX--
Thanks for ur unbiased reply----I m someone----who---if enter something-----would definitely do my own reserch---with due respect to ur posts---
I have a few more basic Qs.--
1)What should be the range of reasonable investment(on the lower side---for experimental trading)
2) Where from can I get intraday data-----for any comodities---inicdentally--I went through the SHAREKHAN site---where--I found---uneed to keep around 1Lakh--minimum---for getting trading terminal---(In no mood to do so---at least of now)
3)I feel---as of lay mans logic---commodity agro based trading---should depend on season to season---can u plz recommend some---good--site--or ur personal views---on this--
4)--Where to get EOD data---
5)Is it somewhat like the F&O in stk market---what is the time interval of the near futures(weekly/monthly/bimonthly)
All these Qs. may be too basic---But if uvcan Plz give ur valued advice---I will be obliged--
Regards,
joy_mitali

 

[shruti]

Hi Mitali,
Happy diwali---
looks to me ur a senior member..
ok so u want to enter into commodity futures
one word of your that scres me is "ZERO" knowledge..
this market is as risky as anyone can think in his worst nightmare..i am not trying to afraid you but thats the reality.. i would advise the same tips that i have written to Shruti.. keep remember some more tips----
1> Always trust to your research and mind.. not to any broker or even my self..becoz no one is 100% perfact. if i can predict absolutly 100% i can b the next Bill Gates..
2>do not "BLINDLY" follow any tip or advise. not even mine becoz i hav gone wrong too
U SHOULD READ THE TIPS FOR ANALYSYS PURPOSE ONLY. THAT MEANS IF YOUR IDEA MATCHES WITH MINE OR ANY ONE ELSE, U WILL GET DOUBLE CONFIDANCE IN UR TRADING..

3>this business is all about physical demand and suppy of any commodity u take,, bullions,metals,agri,energy etc.
so more the supply lower the prices & vice versa. thats how speculations r made and pricec are discovered of a particular contract..
4>just try to gain more and more info as much you can from as many sources.. that will help a lot..

if any more queries do post here becoz that will help lots of new comers..

Hi NCDX,
I am really privileged by your comments and definitely I will follow it. As per your advice I feel to buy 1 lot of urad tomorrow morning .. I am internet savvy and I come across any info that will be beneficial for anyone I will definitely share.

One site I find good is http://www.commoditiescontrol.com/eagritrader/mainpage.php
This site gives live news, rates of commodities in diff mandis etc This is all for free

Shruti

 

[ncdx]

Hello NCDX--
Thanks for ur unbiased reply----I m someone----who---if enter something-----would definitely do my own reserch---with due respect to ur posts---
I have a few more basic Qs.--
1)What should be the range of reasonable investment(on the lower side---for experimental trading)
2) Where from can I get intraday data-----for any comodities---inicdentally--I went through the SHAREKHAN site---where--I found---uneed to keep around 1Lakh--minimum---for getting trading terminal---(In no mood to do so---at least of now)
3)I feel---as of lay mans logic---commodity agro based trading---should depend on season to season---can u plz recommend some---good--site--or ur personal views---on this--
4)--Where to get EOD data---
5)Is it somewhat like the F&O in stk market---what is the time interval of the near futures(weekly/monthly/bimonthly)
All these Qs. may be too basic---But if uvcan Plz give ur valued advice---I will be obliged--
Regards,
joy_mitali

Hi,

---I think minimum margin amount for any contract is aronud 20000 Rs. so u can start with minimum 30000 Rs.
---Intraday data and charts are not available anywhere..
Daily data is available on both mcx and ncdx websites.
they also provide 3 min delayed prices.
---for all india daily prices of commodities, the link given by Shruti is very good. just register and surf the site. i think its of cnbc aawaz website.
---ya its exactly like f&o market in stocks. here contracts are avalable on monthly basis, i.e. 20 nov,20 dec etc. they expire on that date..
---well i didnt get seasn 2 season. pricec moves 10 times in a day quite heavily..one can make/loose good money in day trading
---finally there not much good websites available for research and data in case of agro..for bullions u can find many good sites..

for more details u can read my thread "Complete Guide in commodity trading" in the commodities setions.. u get more idea from there..

 

[ncdx]

Hi NCDX,
I am really privileged by your comments and definitely I will follow it. As per your advice I feel to buy 1 lot of urad tomorrow morning .. I am internet savvy and I come across any info that will be beneficial for anyone I will definitely share.

One site I find good is http://www.commoditiescontrol.com/eagritrader/mainpage.php
This site gives live news, rates of commodities in diff mandis etc This is all for free

Shruti

yup, its a very good sites but its also a "PAID" site. not all are very large hearted like traderji..but it does provide all india rates freely.. thats good..

 

[ncdx]

11:40 A.M

urad up by 60.
Chana up 50.
huge hit by Chana. i can hear the tears of bears

letc c the closing today..

 

[ncdx]

Urad up 150
Chana ne 100 ka hit mara
dec 2150 lagta hai kal hi aa jega
lets hope..

 

[Mareeche]

Congrats NCDx ji.. You were bang on channa target..Thats really stupendous. I'm sure many following this thread had benefited. I have. Thankyou and please keep up the great work.

 

[ncdx]

Congrats NCDx ji.. You were bang on channa target..Thats really stupendous. I'm sure many following this thread had benefited. I have. Thankyou and please keep up the great work.

Oh thats great
this is what my aim is that more and more people benifit and make some quick money here
chana just miss on 2150 today.. now its started playing in 2100 range so will move more upwards from here..
dec & jan diffrance has widened.. so one can take additional long positions in chana jan.. but dont left dec..
next immediate target is 2190 dec.. will clear in next week..

Urad finally in the 3000 house
3300 looking very near and very quickly
jo jan , feb ,march bech ke gaye unka to diwala nikal gaya.. market me bot hall tha ki jan,feb and march becho..

so final advise is HOLD ur longs in Chana and Urad---
& tur also...
those who r afraid of urad at these high levels can move to chana for lesser investment and margin..
so buy in reactions..

 

[joy_mitali]

hello NCDX,
Thanks for ur honest informations---I will follow ur instructions--and study for a better knowledge on commodities-----Its appearing ---u have given a great tip on channa and urad---Though I have no knowledge---I bow my hats down for u-----I will be more than happy---if---u r ready to analyse--on this thread(for our sake)----why u were so bulish on these----inside news----or mathametical logic?
Regards,
joy_mitali