Ncdx Trading Tips

[Mareeche]

Wheat is looking weak. Mar contract closed at 849.2. One can attempt short with a strict sl of 853.

 

[adilsaleem]

Sharp rises in the Chilli prices are expected due to
poor arrivals and huge demand in the domestic
market. Today’s arrivals at Guntur market are
25000 bags of new crop and 30000 bags of cold
storage Chilli. Spot prices are quoting at Rs. 3300
per quintal except other costs like package, storage
and transportation. About 50% of the crop expected
to lesser this season. During May and June prices
may reach Rs.4500 per quintal.

 

[abhishekhappian]

help me

my open positions
chilli march sold 50 tons at an average of 3150
urad april sold 500 tons at an average of 2625

senoir members help me to come out of these positions
should i wait for urad to come down to these levels
and wat to do with chilli

 

[Mareeche]

Thankyou Adil for your information on chilli. My opinion on the above is that the fundamental near term view in chilli being possible, a rise may not happen without bit more correction. Alternatively one can go long above 3370 with approirate stoploss (of say 15 to 20 pips).

On the subject of Urad, its very difficult to make a call due to its volatility. If one wishes to go short, it can be attempted with SL above 2980 (Mar).

 

[Mareeche]

Thankyou Adil for your information on chilli. My opinion on the above is that the fundamental near term view in chilli being possible, a rise may not happen without bit more correction. Alternatively one can go long above 3370 with approirate stoploss (of say 15 to 20 pips).

On the subject of Urad, its very difficult to make a call due to its volatility. If one wishes to go short, it can be attempted with SL above 2980 (Mar).

I hope no one went long in chilli yet..it fell and now quoting 3280 and some more due..Let it bottom out when fresh longs can be attempted.

 

[tulsiram_p]

spread call

buy gur mar and sell apr diffence is 44 view that diffence down to 25
buy chill mar and sell apr diffence is 330 view that diffence down to 200
send your view

 

[abhishekhappian]

hello to all
tulsiramji if u r saying that diiference is going to reduce then u need to short cuurrent month and buy future month
so wen the difference reduces the profits r ripe.
any suggestions on chilli.

 

[day_trader]

Bad weather in vijaywada and andhra. enough masala for urad players. so dont b surprized if moves up with bang.

Chana very strong buzz heard in the circle.even talks of 2500 in long term are there(may or june). let s c

Report about tur is that ncdex officials have visited burma and approved the crop for delevery. so insiders has got the news before it comes out officially so got beaten one side down.

 

[day_trader]

Re: spread call

buy gur mar and sell apr diffence is 44 view that diffence down to 25
buy chill mar and sell apr diffence is 330 view that diffence down to 200
send your view

Hi tulsiramji,

what about guar??
bought april avg 1800.
now in huge losses?
any chances of moving up till april 20??
i have read your earliar posts on guar so u may b having some fundamantal info??
regards

 

[sona_mcx]

Re: spread call

Hi tulsiramji,

what about guar??
bought april avg 1800.
now in huge losses?
any chances of moving up till april 20??
i have read your earliar posts on guar so u may b having some fundamantal info??
regards

As far as i have news its is that , there is no fundamental reasons behind this drop , only speculation . I would also advise to hold ur position . as i have bought at 1804 . If the market is moving against u , then it would be advisable to short the near contract , atleast this way you will not be making much loss .

Arrivals are steady but there is lack of demand . The moment any type of demand comes in there will be a sudden spurt . SO LOOK OUT .

We are in the same position as of now . I have no worries at this stage on GUAR . RELAX its bound to bounce . Looks like it has already started .