Ncdx Trading Tips

[ncdx]

Hi... first time i traded in comm fut today ... in URAD after ur guidance... now trading below 3000 rs and as ur rec. 3300 is looking not far... is it good to hold till this target?

shruti

Hi shruti,,

well there was no physical demand in the ready market here in mumbai in urad.. + outside buyers were also silent..and there was also heavy profit booking seen in ncdx..
overall today was not a good day for urad.. this 1700 ton vessal has toned down the bulls a bit..
so overall sentiment is that market may play in 2900 -- 3000 range till new demand come in the spot market..
overall trend is still very positive but one sould b very careful in these 3000 levels.. only very high risk takers should trade in urad now..

 

[ncdx]

Chana 2190
i hav'nt thought it will reach so quickly..
those who has bought chana jan has got 40 rs additional benifit from dec...
by this pace it looks to me that december will touch 2300 in this week only...

 

[shruti]

Hi shruti,,

well there was no physical demand in the ready market here in mumbai in urad.. + outside buyers were also silent..and there was also heavy profit booking seen in ncdx..
overall today was not a good day for urad.. this 1700 ton vessal has toned down the bulls a bit..
so overall sentiment is that market may play in 2900 -- 3000 range till new demand come in the spot market..
overall trend is still very positive but one sould b very careful in these 3000 levels.. only very high risk takers should trade in urad now..

Hi NCDX,
Really ur guidance is helping me... taken lot in 3010 yesterday in urad and as per your estimate it is good to hold till end of this week. And if goes below 2980 is it good to buy more.

Yesterday NOV 5, 2005 datya found in ncdex site:

Stock Position of commodities at NCDEX accredited Warehouses as on
November 05, 2005
S No Commodity Quantity Unit
1 CASTOR SEED 4547 MT
2 CHANA 1448 MT
3 COTTON SEED OILCAKE 721 MT
4 GOLD 27 Kgs
5 GUARSEED 3873 MT
6 GUARGUM 23701 MT
7 JEERA 16246 MT
8 LEMON TUR 38167 MT
9 MAHARASHTRA LAL TUR 80 MT
10 MS STEEL INGOTS 200 MT
11 PEPPER 4988 MT
12 MUSTARD SEED 979 MT
13 RAW JUTE 109 MT
14 SESAME SEED 25 MT
15 SILVER 24824 Kgs
16 SOYABEAN 270 MT
17 SOYABEAN MEAL 570 MT
18 SUGAR M 9976 MT
19 SUGAR S (Vashi) 60 MT
20 Sugar S (Kolkata) 40 MT
21 URAD 6130 MT
22 WHEAT 6141 MT

So as per this stock of URAD has fallen almost 50% in 2 months so i feel as per your analysis ...we should be bullish as new crop is in feb 06.

Hi mithali,
good to see you and as i am net savvy i can only browse net and get info. but my views as this stage.... i am just new comer. seen ur comments in equities and found good.

Shruti.

 

[joy_mitali]

Hi Shruti,
Thanks for ur compliment----I m net savy too---though also got to make time for my teaching profession---besides trading---
I think---from a newcomers viewpoint---it would be better if we list out the different attractive crops---major/probable growth timeof the yr-----rainfall/climate reqd for growth---demand/supply-----additional factors which can hinder/enhance the growth of the crop-----
To Ncdx:
Sirji:---if u can spare a bit of ur time---and spell out(no inside news actually)---how a common man can think of its probable gains/losses from the market data---(a bitof mathametical data---if possible)of a particular crop--we newcomers will be obliged:---As per ur suggestion---Iwill not start trading at all before gaining a bit of knowledge---and getting probable correct results of my views----
Regards,
joy_mitali

 

[manish1412]

Hi Ncdx,

Plz give some idea as of urad, i am short with some jan futures.

People i know, are bearish on urad for a short term, however the story behind urad seems very positive.

 

[adilsaleem]

I would also be thankful if the above post by Joy van be taken forward in this thread. It would be very helpful.

Today Tur was up by a 100+ , is it still a good buy ? what is the target and what is the reason for it to go up ?

Urad was weak but not very weak , i am currently out of Urad waiting for 2900 levels to jump in again or maybe at any level by friday as Tezi should be back there by friday or early next week. what is your advise sir ?

Channa, I have no clue as to what is happening ...

I reside in Bangalore and the physical markets here for Urad are weak even today , Channa is very strong and has gone up quite a bit.

 

[ncdx]

Urad:
started looking week for short term.. operator activity has also stopped.. main factor was demand from south region!!! that has been silent for now. buyers are waiting for the vessal to arrive and @ what rate seller will offer??
therefor sound is heard in the market that might go down a bit or remail stable..
so strategy in ncdex should b EXIT if any pullback come..
"DO NOT SHORT SELL".. re enter if any good correction comes..

Chana:
jumped almost 70 rs today with heavy ups and downs..
reports of shortage is coming from all india specially from south.. long term (15-20 days) looks very strong..
so buy in corections and HOLD ur positions..

tur has broken circuits today.. very good demand has seen from north india as well as western parts..
spot was quoted 1800 after very long time..
i think one should book profits little bit..
long term very positive in Lemon...

moth dal in rajasthan mandis went up quite a bit.. that will support guar prices to shoot up..

 

[shruti]

Urad:
started looking week for short term.. operator activity has also stopped.. main factor was demand from south region!!! that has been silent for now. buyers are waiting for the vessal to arrive and @ what rate seller will offer??
therefor sound is heard in the market that might go down a bit or remail stable..
so strategy in ncdex should b EXIT if any pullback come..
"DO NOT SHORT SELL".. re enter if any good correction comes..

Chana:
jumped almost 70 rs today with heavy ups and downs..
reports of shortage is coming from all india specially from south.. long term (15-20 days) looks very strong..
so buy in corections and HOLD ur positions..

tur has broken circuits today.. very good demand has seen from north india as well as western parts..
spot was quoted 1800 after very long time..
i think one should book profits little bit..
long term very positive in Lemon...

moth dal in rajasthan mandis went up quite a bit.. that will support guar prices to shoot up..

Sir,
i want to know the different brokers charge for comm. trading ... i m from hyd and here i am paying 0.05% for every transaction. Please tell me if anyone in hyd giving less brokerage for trading....

its like for one trade of urad i m almost paying 300rs for brokerage...

Shruti

 

[adilsaleem]

I am from bangalore , i pay 50 Rs upto a 5 lakh rupee trade and 100 Rs above 5 lakhs. For Urad it works out to be 190 Rs for me incl. of taxes and for channa and tur it is even lesser , its close to 150.

 

[shruti]

I am from bangalore , i pay 50 Rs upto a 5 lakh rupee trade and 100 Rs above 5 lakhs. For Urad it works out to be 190 Rs for me incl. of taxes and for channa and tur it is even lesser , its close to 150.

Hi,
Ur brokerage looks extremely good... could you please letme know the broker ...

Shruti