Ncdx Trading Tips

[tulsiram_p]

hi frends
guar is going his way
what u think about it. any comments ?

 

[vkmishra]

respected sir, i have advanced sell a lot of chana @1920(january). now its 1985 . what is ur opinion about chana. i am in heavy loss if i buy it now. so what do u suggest. should i wait or should i nulify the lot.

Dear Vipin,

Pls. be cautious. Chana is in a speculative big rise. There is news in market that big chana traders and speculators in Delhi have come together to jack up the prices atleast of Jan Contract.

Latest news is Chana output is delayed. May be Feb will also be pulled up. Look in the past 2 days the Gap of Jan and Feb Contracts has reduced from -220 to about -185.

Be careful.

 

[ncdx]

Dear Vipin,

Pls. be cautious. Chana is in a speculative big rise. There is news in market that big chana traders and speculators in Delhi have come together to jack up the prices atleast of Jan Contract.
Latest news is Chana output is delayed. May be Feb will also be pulled up. Look in the past 2 days the Gap of Jan and Feb Contracts has reduced from -220 to about -185.

Be careful.

Yup mishra ji.....
That jacking up news is indeed 100% true.. and some large bombay based multinationals are also involved in the cartel with delhi based operators...
thats y we have seen this huge O.I.
When the trend reverses no one knows..or they might pull up to more higher levels...
A report from agri minstry says chana crop of this year will b EXCELLENT around 60-65 lakh tons instead of 40 lakh of this year crop... therefor long term speculation very bearish.. this pullup is nothing but operator game... so one has to b very careful and trade with stop losses....

 

[sona_mcx]

Hi
Thanks for all the people who gave feedback re Menthaoil

Menthaoil seems to be starting on a strong down trend , Shorting tomorrow would be a great chance to make some money ( Maintain Strict stoploss ) . Based on tecnical analysis as menthaoil went up nearly 80 % without much correction . A major fall has been anticipated for a while , i feel this may be the one.

I have no idea re-market scenario however im Planning to do this tomorrow . Hope it works , hope people make money .

Im attaching an XL file with the Data and Chart , have a look and decide for yourself .

NCDX thanks for the tip on Urad , March Contract moved double of what other contracts did .

Suggestions and comments PLZ

Thanks

 

[Jin]

Hi Everyone..
Thank you for everything you said. Iam glad, I got some usefull good informations about Agri Commodities. I hope you would continue with the same excellency.. Thank you Everyone.

With Regards,
--- Jin---

 

[Pradeep Unni]

South American weather continues to be seen as generally bearish by the trade. Through out the last week, the market has widely traded the bullishness of new index fund money coming into the grain markets during January06. Farmers would be willing sellers (those that have been holding back selling the market) of soybeans and corn, unless there is a bullish weather story in South America. Chinas absence from the US soybean market this week is disturbing and increased buying activity must be seen within the next few weeks, or US soybean export projections will collapse further. Decisive South American weather trends could soon determine soybean market price direction. Favorable South American weather, combined with huge US soybean carryout estimates could soon result in the market falling further with gravity. The U.S. attach continues to estimate Brazils crop at 61 MMT, vs. the official USDA forecast of 58.5 MMT. If the Brazilian crop were to come in that large, the world would likely be faced with very burdensome soybean stocks.

The Indian soybean prices is ruling firm on the Soymeal demand. But our Soymeal prices have reached a level where our parity may erode Vis--vis Argentina. A few weeks back, India-origin soymeal was around $20/ton cheaper than South American soymeal. But the recent rise in Indian soymeal prices has pared its price advantage to around $5/ton. South American soymeal is available to Asian buyers at $235/ton, cost and freight, while Indian soymeal is available at $230/ton, C&F. How far will the Soymeal story continue????? GUYS there are NO BULLS in SOY COMPLEX MARKETS

SELL SOYOIL in EVERY RALLY Both at NCDEX and MCX

 

[Mareeche]

Very informative writeup Pradeep..Thanks

 

[ncdx]

Urad vijaywada and andra dipping on good arrivals...
assam crop is also ready for aarival.. some rumours of around 10000 ton vessal about to arrive in feb from burma..
therefor despite good demand here in local mumbai market urad crashed badly..so keep a close eye on vijaywada factor..

 

[tulsiram_p]

sell sugar

 

[ncdx]

dear ncdxji,
please give me a clear report on chana. i have short sell chana (january) @ 1920. should i hold it or should i nullify it. please help me. i am very confused.

As I hav written earliar that there s a cartel of (bull)operators working in chana jan and feb.. right now they are in full control... if u want to minimise the losses than can wait for jan to come down around 1955-60..
i think if jan goes below 1950 than u can get your rates..

and in future, try to learn trade with stop losses..
becoz mood of the market changes 5 time a day in a volatile scenario..