Ncdx Trading Tips

[sona_mcx]

Bad times for all those who have gone long in Urad ,Channa and Tur , i think thats most of us here , sad state but hope this ends soon

Channa seems to have recaptured some lost ground .
Urad seems to be loosing by the day . Waiting for things to turn around , hope it happens fast before much damage is done .

NCDX's Efforts are much appreciated , I would request u to give us market BUZZ as and whenever possible .

Thanks

 

[ncdx]

I think its time to enter into Chana again.. all the buzz that i am getting from the market is that jan contract will b pulled.. correction is over as i said before.. today jan volume and open interest also crossed dec.. so speculators have jumped into jan.. BUY but in limited quantity becoz there will b ups and downs.. SL-2145

Urad loosing grip in the absance of physical demand..
if november looses 2800 level.. we can see new lows from here..its better to stay away for a while from urad..

Tur started looking good now.. i think 1650 is the bottom for dec.. will move upwords next week.. buzz is also positive in the market...one can think of fresh buy.. SL- 1625..

guar playing in narrow range.. not much has changed in physical market.. no new buzz in guar..

 

[joy_mitali]

Hello NCDX,
Thanks ----for taking out time----and giving ur views and guidances-----As suggested by u-----I m following ur advice---and thanks for all ur caution----I m learning at at a snail's place---as I concentrate more on F&O---but then slowly---but surely---I will definitely cover a significant learning curve----i a specified time---Thanks ---again to u and all others--for all the links--and contents--
Regards,
joy_mitali

 

[maniwal]

when i said sell urad jan. at 2900/3000 then i got negative vibes from this thread.

Hi,

When urad was flying from almost 2500 to 3000 nonstop.... i never had thought it might come to such drastic turn. Chimpuji ur analysis is very good in falling market..

Please give me latest details for monday and tuesday... already lost alot of money orelse in 1 week i should quit this market after losing alot of amount and just feel for entire life.

Manish.

 

[Mareeche]

Its really unfortunate to see people getting stuck in positions or incurring lossess. But this is how markets behave and only way to protect ourselves geeting deeper into the mess was to strictly adhere to stoplosses or cutting losses at some point. I too am not an exception thought i did cut my losses at some point and stayed away.

Its good to see Ncdxji giving some positive market feedback on lemontur and channa and this is good news to many of us here. Just to suppliment his views. I'm posting two charts below. While chana looked a bit better on saturday and likely that it may consolidate for an upmove soon, in the case of Lemon tur , it might be better to wait for a positive close for a day or two before taking any fresh positions.

 

[vibhoo sama]

hi all,

Please update any vessel of l/tur expected in next 15 days.

vs

 

[manish1412]

hi friends,

today i heard rumour about chana, some huge quantity is being imported...

any idea guys

plz share

 

[pooja_salve]

hello NCDX sir,

I m stuck up in tur at Dec. 1850 and now it is 1653. pl let me know what should i do at this time?. I know that long turm outlook is positive for tur but still i need ur personal comment on the same. thank u!

 

[rafay]

hi Rafay here,

I have position in chana dec and urad dec. I had bought at chana@2273 and urad@2962, what is your (Ncdx, Mareeche ) View on these two commodities. When they are suppose to touch this level again.

Plz do Reply.

 

[ncdx]

Hi all
its very sad that lots of frndz stuck at very higher levels..
i entirly agree with mareeche ji that we should strictly stick with stop losses..
since i have also lost good amount of margin,, and markets r going totally against predictions.. so have squared off my account to zero.. one important point i ferget that was expiry is very near.. so markets has taken beating..

urad did bounce back today.. reports are that 200 cntainers from pakistan have touched mumbai ports.. its a good chance for EXIT those who r stuck @ higher levels in urad.. not too positive in urad @ the moment.. i think todays pullback is operators play and nothing else!!!

Chana also going totally against.. lots of stop losses triggered.. now will enter only after 20.. as far as rumour goes,, yeas there is a rumour that full 20000 tons vessal is under loading in Australia.. but its not 100% confirmed!!

Tur:
crop will b out in dec 2 nd week.. too much stock also there in warehouses plus ncdex stock.. so strategy should b EXIT if any pull back comes.. right now can go both ways.. mixed reports are heard in lemon...

As far as my position goes.. since time is not good,, i will better wait and watch and will more refine my prediction..
i know that this thread is taken very seriously.. i aplogise from all reader here..
So once again strategy shld b EXIT if in any pullback comes