Ncdx Trading Tips

[sh_suhan]

Thanks for your inputs once again. As suggested, I cleared my position in Chana at 1860 today. Have taken a position in Tur at 1675 for Nov. contract. When should I book profits? Is it going to cross 1700?

 

[joy_verma]

hi
how do you trade at ncdex & mcx . can you suggest a good online broker
can I register with these two indexes directly. I suppose trading cmmo is
a HNI job. can a small trader like me trade in commos?

 

[ncdx]

Thanks for your inputs once again. As suggested, I cleared my position in Chana at 1860 today. Have taken a position in Tur at 1675 for Nov. contract. When should I book profits? Is it going to cross 1700?

well traders here are more bullish in urad rather than tur..
thats the sentiment in the market... anyway tur was hammered out today..so as urad.. cant say in this operator driven market... takin a long position is like a crime now a days..... .. wait for some more time for the clear trend to imerge.. better book losses and get out..
chana long term future is very bullish.. but pray that next round of rains shouldnt come in rajasthan... otherwise... god knows...

 

[ncdx]

hi
how do you trade at ncdex & mcx . can you suggest a good online broker
can I register with these two indexes directly. I suppose trading cmmo is
a HNI job. can a small trader like me trade in commos?

small traders should start with gold, silver and crude or any commodity in which they have full background and research.. otherwise operators gonna kill u in a minute..

u can read the article in the commodity forum regarding trading and brokers..

 

[ncdx]

Blood bath is on!!!!! on all four commodities today..
down side circuit was triggerred in guar and tur..
chana crashed around 100 rs and urad has taken a little beating too..

In case of lemon tur... traders r blaming good monsoon, ncdx stock of 45000 tons plus some vessals are loaading at burma for the free fall..
Why chana has taken a one side beating today!!! no one knows..
all are stung.. some cartel has cleared the bulls money in his account. record volumes were seen today in chana...
Guar has today again seen lower circuits...sab indra dev ki kripa hai rajasthan par
urad still very strong... has not taken too much beating..

So traders.. stay away for a while from such a volatile bearish market...

 

[sh_suhan]

Hi,

In Tur, there was some recovery seen towards the end of the day. Any outlook for Nov. contract...i have a position at 1675.
Looking forard to your valuable tips.

Thanks

Blood bath is on!!!!! on all four commodities today..
down side circuit was triggerred in guar and tur..
chana crashed around 100 rs and urad has taken a little beating too..

In case of lemon tur... traders r blaming good monsoon, ncdx stock of 45000 tons plus some vessals are loaading at burma for the free fall..
Why chana has taken a one side beating today!!! no one knows..
all are stung.. some cartel has cleared the bulls money in his account. record volumes were seen today in chana...
Guar has today again seen lower circuits...sab indra dev ki kripa hai rajasthan par
urad still very strong... has not taken too much beating..

So traders.. stay away for a while from such a volatile bearish market...

 

[ncdx]

Yesterday's heat has caught fire today..
There is a huge amount of anger in the trading community agianst ncdex and thier policies... there was no reason to for the pulses market to take this sort of beating in a single day.. delhi based traders has written a letter to PM to shut down ncxd becoz of its irregularities..

Traders are thinking of bycotting ncdx and moving to other platforms (like MCX).. becoz all are feeling that a huge scam is going on with the help of ncdx insiders by some powerful cartels..
only one question is unanswered " WHY THE PENALTY IS BRING DOWN FROM 3% TO 0.5%???"
that means i can buy/sell lacks of tons and the end of the settlement i will not b asked to give/take delevery... simply becoz i am gonna out with only 0.5%... huh..
this is totally against the basic funadamentals of futures trading...(who cares if someone is filled with money bags)

The trade has completely lost from the spot markets and actual ground conditions.. it has becom the zuaghar of some powerful cartels who moves the markets their fingertips..
ncdx and fmc needs to b woke up soon..

 

[ncdx]

Hi,

In Tur, there was some recovery seen towards the end of the day. Any outlook for Nov. contract...i have a position at 1675.
Looking forard to your valuable tips.

Thanks

I had advised u earlier to get out of tur.. that time price were not that down.. say thanks to urad becoz its pullback tur has found some support... but still tur future dosent looks good.. if nov contract crosses 1620 than get out of it..
i cant see those high levels coming back in near future..

 

[ncdx]

i have guar of oct at 2026 .Around 12 lots .What should i do?

well frnd... u are trapped very badly if u have long position i think..
you should learn to trade with stop losses.. and while trading in gavar its a must... i can understand the losses that u are having.. but my friend.. there no chances at least in october to reach 2000 levels again...new crop is waiting to come in the local mandeess.. there prices may fall to 1300 levels.. that guar bull rally was just nothing but a trap by speculators.. and later,, rains has spoiled the bulls party..
so if at all oct guar touches 1650 or above better book losses.. or other way is that u take the delevery; wait for next rally to come and sell it..if u can afford to take delevry.. by that way u can minimise your losses..

 

[sh_suhan]

Hi,

Is Tur going to show any upward movement..still stuck up with Nov futures at 1675.

I had advised u earlier to get out of tur.. that time price were not that down.. say thanks to urad becoz its pullback tur has found some support... but still tur future dosent looks good.. if nov contract crosses 1620 than get out of it..
i cant see those high levels coming back in near future..