Ncdx Trading Tips

[kaushal]

the open interest has increased as well as the price increase this indicate there would be bullish trend for past 2 day , so trader stay away from the channa and urad.

 

[munnaji]

Actually this is an uptrend in the entire commodity market.....
The biggest reason is the drying up of mandi arruivals (especillay kharif crops)
I cant tell about Chana but yes delay in arrivals of toor and unseasonal weather in rabi urad growing areas have played havoc with the prices...
I am expecting toor prices to fall by next week onwards

Regarding mentha...it is showing some bearish signals now
yes.. the govt of maharastras announcement to remove curbs on pan masala did the trick for mentha (WE ALL FORGOT THAT MENHOL IS USED IN PAN MASALA)
regarding gwar i have a very good report of Dynamic commodities....
I will paste it in the evening

 

[ncdx]

********** ATTENSION ***********

So Traders and frndz... better cover shorts in URAD and Chana.... fundamentals has changed and thers complete turnaround in spot market...
so urad may shoot back to 2800-3000 and chana may b 2100 cant b ruled out... i am not so sure about chana but u will see urad blocked in upper circuits again...
expect 100-150 hit tomo...

 

[adilsaleem]

What now sir

 

[Mareeche]

Congratulations Ncdxji for hitting the Bulls eye in Urad once again.

 

[tulsiram_p]

********** ATTENSION ***********

So Traders and frndz... better cover shorts in URAD and Chana.... fundamentals has changed and thers complete turnaround in spot market...
so urad may shoot back to 2800-3000 and chana may b 2100 cant b ruled out... i am not so sure about chana but u will see urad blocked in upper circuits again...
expect 100-150 hit tomo...

i can say god

 

[myanmar trader]

Yes Sir You Are Right As It Has Rained In Myanmar Very Heavily The Markets Are In Bull Trend Only

 

[ncdx]

Great bull/bear fight seen in chana.. thats y i am not feeling 100% confidence in chana... bull operters spread rumours of 2100...but i am not vrey convinced on rumours..but for now bulls have little edge..
jan needs to clear 2000 with strong buy support to move upwords... O.I. of 300000 is also HUGE......

So in urad... jan should clear 2775 first to move further..
today some mixed report heard from bear camps ... so b very carefull.. take a S.L of 2675...as myanmar trader said it right its raining heavily in BURMA...so rain plays the spoiler again for bears... oh god...

tur long term still bearish...since all pulses are in green.. tur also gained some momentum...

So overall call is "B VERY CAREFUL"

 

[Jin]

Hello Ncdx Ji...

Well... Whats the clear report on Urad and Channa? I think its better to trader in Ends... It seems to be very confusing.. Myanmar Markets had some shortage in Urad and also South Indian markets had some fresh Demand.. South Indian Markets seems to have good demand on Urad and Myanmar Markets have shortages because of some Rainfall.. I suggested my Clients to trade at Ends... Well. Ncdxji... Whats your suggestion? Go Long or Go Short? or to stay away from the Market and trade in the Ends? Please post your suggestion as soon as possible...
Happy Trading !

With Regards,
--- Jin ---

 

[munnaji]

Yess
The present fundamental scenario is as follows
(1) Urad:- rains in southern Burma has delayed the rice harvest there which in turn has effected sowing of pulses...Chana and Urad in specific
(2) Toor:- Mandi arrivals have been delayed by a week but latur mandi has started receiving 200 MT every day
(3) Gwar:- Mandi arrivals slowly drying up. Operators taking control of the entire situation.. Very bullish in long term
(4) Chana:- Real supply is thin . Good area under cultivation but dont expect the crop to come by Mid Feb, March.
Also pongal in southern india putting pressure on demand.

sO NOE THE FIGHT IS CLEALY BETWEEN TOOR ON ONE SIDE AND URAD AND GWAR ON THE OTHER SIDE...........