tulsiram_p said:
actually bull operator is playing right now in urad , they are not intrested to pull the price of guar b'coz arrivals are still satisfactory , gujrat guar crop is good , and arrivals are continue so they r playing in urad and chana ,
i think in mid jan price will move up . turnover is still week (about 10%) now till mid jan it will move narrow range between feb 1720-1850. buy in deep(red) & sell in high (blue) don't go for short sell . in every interval we should book profit .
and man reason for week trading in guar are (sarso) bumper crop in rajasthan.
have u any news of guar ?
i request u plese post ur reply in urad when market is turn to down side .
Nice report..
well i am also having positive report in guar.. as u rightly said buy in dips is the best strategy in guar..
as far as urad--- jan contract is fully in control of bulls.. till feb there will not b much load of fresh arrivals.. so i am getting
UNCONFERMED reports that bulls might take it back to 3000....
so one should not remain short in jan contract..
but again no one knows the tricks of the operators..
so for small traders its better to watch and enjoy the (urad) game from pavilion instead of playing in the ground....
I have read one open letter on cnbc website critisising policies of NCDEX.. i disagree with one point that farmers are not getting anything from this futures market..
well only last year they were selling urad @ the rate of 1300-1400 in local mandis... but thanks to bull operators(and bad rains) all of their crop sold out in 2800-3000...almost double..isnt it.. its true that speculation is on its top now a days..but thats the nature of futures market..
like urad gold and silver has similar pull/fall graph...
so whether here or abroad.. speculation cant b stopped..