Ncdx Trading Tips

[ncdx]

Hummmmmm

One more cyclone... More thunder rains forcasting in urad/tur growing regions in Andhra and south...

feelin very sad for farmers and locals there

So Urad & Chana...
only one formula....
Buy on dips..sell on highs

Urad jan: entry point--- 2425-45----tgt--2499--sell--2510-15
S.L. 2390 lower & 2529 Higher

Chana Jan: entry pt--- 1825-31--- tgt--1865-75--sell--1885...
S.L. 1799 Lower & 1906 High..

So in my view this should b the trading range for urad and chana.. so traders should look for these levels with coutions.. but again if Cyclone hits too hard.. upper levels could b broken...

Guar also buy around 1640-45...
Stay away from tur.. no clear trend..can go both ways..

Happy Trading

 

[ncdx]

As I suspected chana upper level broken.. watch out for urad tomo as bull operators will play the same old tom & jerry game on dec expiry.....

Tur might crash badly in long term..one can think of shorting on upper levels... feb around 1535-40..

 

[munnaji]

hello
urad chana are showing high volatility.. Tur is following them very closely the reason is that the mandi arrivals of tur will be starting from 20th Dec tentitively ... Also there has been a bumper toor crop in myanmar...
after seeing the prices closely i think that tur will start falling from early next month and raech levels of 1450.......

 

[ncdx]

hello
urad chana are showing high volatility.. Tur is following them very closely the reason is that the mandi arrivals of tur will be starting from 20th Dec tentitively ... Also there has been a bumper toor crop in myanmar...
after seeing the prices closely i think that tur will start falling from early next month and raech levels of 1450.......

Nice one munnaji.....
u have opened most of the inside secrates of tur......
keep em on...

 

[Jin]

Hello NCDXji..
Is there any newz on Guarseed?

With Regards,
--- Jin ---

 

[sona_mcx]

Hi

Does anyone have any idea why Menthaoil is up so high , Planning on shorting Feb Contract with a big chunk . I need any feedback that may support my plan .

If its just bull activity then its worth shorting . lets see anyone can shed some light .


Thanks

 

[Mareeche]

Sonaji,

Under a different post several days ago(maybe a week) I mentioned about the possibility of a rise in menthol, but with a minimum 3% sl..this being a wild commodity. True to its nature, it did go up and surely is operated by some bull group. Certaily worth a short sale provided one has the stomach for it. Its very hazardous to give levels in this.

 

[munnaji]

hey sona
there is a big problem in mentha ...
the spot rates in chandausi are 625 approx. per kg. The futures are much more higher.
now mentha cultivation will start by 2nd week of Jan.....look at the climate till then. It is dryness in chandusai sambal belt. If it rains within next 2 weeks, expect prices to go down to 550 (spot).
Do u rem what happened to gwar when it rained in jodhpur (There was down circuit for 2 days).
So my advise to the TRADERS.... stay away from mentha till Jan

 

[vibhoo sama]

Dear All,

Stay away from mentha upto feb.there is a big issue in jan/feb delivery.


Does anyone have any idea why Menthaoil is up so high , Planning on shorting Feb Contract with a big chunk . I need any feedback that may support my plan .

If its just bull activity then its worth shorting . lets see anyone can shed some light .


Thanks[/QUOTE]

 

[ncdx]

Chana open interest 280000

so b very careful anything like 20 dec can happen