The main thing that afraids me in both urad and chana is the large discounts thats built in all forward contracts..
thats not a pretty good sign...
in chana crop will b out in jan and urad crop will also b out..
its true that cruel south weather has saved urad from heavy blood bath.. plus Some andhra enquiry is also here so prices has settled for the moment... i would b very afraid for go long in urad and chana..
I would rather stick to my old view of selling small -2 quantities of both urad and chana on every JUMP...
I think lemon tur can b considered as a safe trading item..
one can enter JAN around 1525-30 Stop loss 1515.. with target 1550+..
Guar jan can also b taken with S.L. 1649..
I like both guar and Lemon becoz they offer premium on their all contracts.. so those who dont like short selling can opt for lemon and guar with strict stop losses ...
Happy Trading..