Ncdx Trading Tips

[ncex]

As i suspected and from various reports, bull operators has jumped into urad march. Rumours of 3100-3200 are in the corner. Reports of myanmaar trader are very much true but the problem is till april 1 st week there will b very little arrival of physical stock here in mumbai. so march will b in full bull control.

if march moves higher april and other contracts may not remain bearish till 20 march expiry. So we can expect real bearish trend in urad untill any heavy load of cargo arrives on mumbai ports which is unlikely till 20 march.

Today huge open interest was built up with rising price in march. and today evening spot prices also shoots up to 2950 in mumbai and above 3100 in delhi with good buying pressure.
So operators can pull march to new levels. There for i think its better to cover shorts of april till bulls r in full force

hi i have read your comments about ncdex but for physical cargo singapore sellers are keep on selling us the cargo so far for feb shipment myself have purcahsed around 150 fcls and they have send the shipment advise ,like me in mumbai there are many buyers who are getting the shipment advise and we heard the reports that export license is available very freely in myanmar and exports are started for urad very fastly from yangon side. but as a importer we are getting confused one side pysical cargo is been sold and loaded from myanmar side and other side bull runners are playing in ncdex take precautions any time the price can fall if urad dhall price goes up no buying coming from retail point of view.

 

[sona_mcx]

GUAR MAY BE NEXT BULL TARGET

There are possibilities that the bulls may target GUARSEED next as most of the pulses except GUAR are already at a higher plain , The price may rebound at any time . it may be a good idea to accumulate longs at any dips that may come by .

If anyone has any further info on GUAR please bring it forward .

ALL INTERNATIONAL MARKETS AT MCX SEEMS VERY WEEK SO TAKE CARE


MENTHAOIL

Menthaoil reached its regular trading range today and bounced back for profit booking , we may see ups for the next few days , till feb contract closes on the 28th . Market is very volatile be carefull . Shorting would not be advised next few days .

 

[amitkumar]

sona ji,
what happened about soya oil......please give some information abt soya ref oil....i think soya oil has gone very low......and now it will increase.........what do u say sona ji........

 

[sona_mcx]

sona ji,
what happened about soya oil......please give some information abt soya ref oil....i think soya oil has gone very low......and now it will increase.........what do u say sona ji........

Given the factors involved ( Bird Flu, Correction , Profit booking , Duty relaxation ). All the above factors are contributing to the down fall .

It will be very difficult to say when the price may rise again , and how much more price drop will be there . But the only factor that may contribute to bounce may be the lack of stocks .

Logically thinking , with these factors the market should have crashed badly , It did not crash like Menthaoil did so any low within the next 2 days would be a great buying oppurtunity . KEEP TRACK ON THE BIRD FLU

 

[sona_mcx]

BUY SUGAR

ORIGINALLY RECOMENDED BY charlietulsian

Sugar has started to move up again - Reasons Being

1 Arrivals of Jaggery has reduced .
2 Sugar Cane production has also reduced drastically .

 

[Mareeche]

BUY SUGAR

ORIGINALLY RECOMENDED BY charlietulsian

Sugar has started to move up again - Reasons Being

1 Arrivals of Jaggery has reduced .
2 Sugar Cane production has also reduced drastically .

Yes Sona ji

Sugar is indeed looking good for a rise

 

[munnaji]

Indian sugar overview
With the recent decision by the govt. to release an additional 1.5 lakh tonne of sugar for free sale in the markets, the price rally in sugar has stopped atleast for the timebeing….this is addition to the 14.5 lakh tonnes of sugar released for the month of Feb which was considered as low by some analysts. Also news that for the coming month of March which happens to be a festive season (on occasion of Holi, a hindu festival ) govt. has increased the quota from 12.5 lakh tonne to 14 lakh tonne has put brake on the price hike of sugar.
With the Indian sugar crushing season coming to an end later this month, one can expect another rally in the sugar prices during March end April. Also at that particular time, sowing of sugar beets will be in full swing in Europe and as analysts fell that sowing will be lesser as compared to previous year will lead to bullish sentiments in sugar.

 

[day_trader]

Urad getting stronger in Andhra despite good arrivals.
so there s a good chance of upword movement. Short sellers can short april around 2800 and above, avoid shorting march at the moment. very difficult to give a buy call considering the bumper crops in burma and andhra.

tur flying and flying non stop. wait for april touching 2000 (first stop)
my target is around 2100 (may go more upwords)
i hope some friends have enetred at lower levels.

Anyone having any news on guarseed. Baught at higher levels now declining
pls share comments

 

[sona_mcx]

CAUTION to those trading on International markets . Try avoiding till a pattern is established .

As i said earlier International markets are week . All commodities Fell yesterday . Copper -2.5% Gold and silver -.75% Crude -1.90% . Markets may rebound , or play both sides . SO AVOID

 

[ncex]

Urad getting stronger in Andhra despite good arrivals.
so there s a good chance of upword movement. Short sellers can short april around 2800 and above, avoid shorting march at the moment. very difficult to give a buy call considering the bumper crops in burma and andhra.

tur flying and flying non stop. wait for april touching 2000 (first stop)
my target is around 2100 (may go more upwords)
i hope some friends have enetred at lower levels.

Anyone having any news on guarseed. Baught at higher levels now declining
pls share comments

dear sir,

thanks for your comment markets are moving in upward direction inspite of bumper crops in india, and myanmar. and from myanmar side they are selling daily 2000 to 3000 mts prompt shipment we cant understand anything we are confused and we are afraid to buy at high cif prices . people in jalgon are playing matpe in a big way . but sure there is going to be a big down fall