Ncdx Trading Tips

[nanabala]

Do not go Short in Urad till Tuesday....... It is expected to move up as APRIL arrivals are not very clear....

I dont advice to go long but I can surely advice you not to Short.... From here, you can expect a small correction to the tune of 50 to 100 rs.... But can't say when it shall bounce back......

So, short only at 3100 levels which is expected in next three or four trading sessions....

My suggestion is.......WATCH IT

 

[day_trader]

As suspected Urad flied away north side in its normal style that is "in a BANG" killing all shorts and triggering stop losses. Reason heavy demand in Andhra with poor arrivals and cnf prices also moving up to 560$.
so expect more upword movement untill supply increases or some vessal arrived at ports.(april may go 2950-3000)

Toor was bit sluggish today both in exchanges and in local mandees. Some rumours are there that exchange may open more delevery centers across country. That can pull down prices.so keep an eye on that news.
advise would b book profits at every high.

 

[Mareeche]

to all urad,tur,guar traders

Friends CHAT room is open .I invite all of you to come there and share your views so that we can gain more out of each other and build up a strong relationship.

I think 10:00 p.m to 11:00 p.m (approx) will be a good time.Your valuable time will help all of us to learn more about this commodity trade.

Remember posting a view is one thing.chating and discussing it is another thing.It might help us to clear a wrong idea which we have

Yes Chimpu, Its a good idea and it would be very beneficial if there is active participation. Perhaps it can be scheduled say twice a week or so..

 

[nanabala]

By Monday, outcome of the Iran, Russia and China talks would be
known. There is high possibility that Iran might not agree to move
nuclear research out of Iran. However it has agreed to allow UN
inspectors come and inspect a site at which IAEA suspects that Iran
could be building nuclear weapons. The attack in Saudi Arabia will keep
markets concerned on the security of oil supply. Attacks in Nigeria are
expected to further intensify. Hence, even though the past couple weeks
have seen a healthy build up of stocks, supply issues are of larger
dimension and will keep prices well supported at these levels.

Trading Strategy

Short Term Buy at dips

 

[abhishekhappian]

no queries on urad by senior members y?
heard that there is a very very good crop in burma of urad.
seems urad can come down rapidly by next month.
forsees urad may june around 1900- 2000 rs .
any suggestions please reply

 

[day_trader]

no queries on urad by senior members y?
heard that there is a very very good crop in burma of urad.
seems urad can come down rapidly by next month.
forsees urad may june around 1900- 2000 rs .
any suggestions please reply

Well the current physical situation in mumbai spot is that if u want to buy one motor urad u wont find in 3500 also becoz theres practically zero(selling) stock here.
all the stock is pilled by bulls and damted into ncdex godowns.
so b very careful its every days gamenow, one day 100 up other day 100 down.

let some vessals and containers come at ports than we will c what happen next!!!!!

 

[sona_mcx]

Hi
URAD , given all the circumstances , may not go down for atleast 2 weeks or just before March contract .

Going long in any contract at any price will get good profits , even if the price falls below ur positional price , u will defnitely get the price again . *** PERSONAL OPINION****

Even safer and an investment with a damn minimum risk would be to Short MARCH Contract and Long in April contract . Reason being the price range will come closer as the contract date comes closer . We can see at times that April net % increase is higher than March . There was even a day when when March close in net -ve but April closed at net +ve .

The Current Prices are as example VS Thursday's closing


MARCH SELL THU @ 2902.00 ===BUY MON @ 3020.00
APRIL BUY THU @ 2734.00 ===SELL THU @ 2874.00

Price diffrence 168.00 146.00 Net diff RS 22.00

Profit of Approx RS 1500 PER LOT .

TRY IT ITS LESS RISKY , PROFITS ARE ALSO LESSER THO .

 

[ncex]

Hi
URAD , given all the circumstances , may not go down for atleast 2 weeks or just before March contract .

Going long in any contract at any price will get good profits , even if the price falls below ur positional price , u will defnitely get the price again . *** PERSONAL OPINION****


hi vessel name mv yasmina is loading 5000 mts black matpe to yangon port and vessel is leaving by 4 th march and vessel reaching mumbai 12th march and here local andhra arrivals is also picking up anytime matpe price can fall down . if the price of matpe goes up in ncdex is against the logic of demand and supply and south is also getting 200 fcls of black matpe to chennai port by vessel name gati suvidha .

 

[sona_mcx]

Black Matpe = Urad

 

[day_trader]

Hi


MARCH SELL THU @ 2902.00 ===BUY MON @ 3020.00
APRIL BUY THU @ 2734.00 ===SELL THU @ 2874.00

Price diffrence 168.00 146.00 Net diff RS 22.00

Profit of Approx RS 1500 PER LOT .

TRY IT ITS LESS RISKY , PROFITS ARE ALSO LESSER THO .

This sounds to me like PAIR trading.short in one and long in other . ya good for low risk takers. if market swings in any direction ur somewhat safe if your logic of pair selection goes right

I still feel that shorting april at higher levels is a good bet in longer term position. becoz operators are still whispering march shooting upto 3200.