Ncdx Trading Tips

[manish1412]

hey guys,how do u read guar and chana movements now ?

 

[amitbaser]

i have guar of dec. at 1684 .What should i do? plz help me

 

[ncdx]

Hi,

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

ncdx warehouses are filled with 44000 tons of lemon tur and another vessal is loaded from burma for mumbai port.. so thr r very little chances for a tur bull rally plus local crop will b out in mid november..its up to u how do u interprit this inforamation!!!!

 

[ncdx]

hey guys,how do u read guar and chana movements now ?

The basic price of guar is 1200 to 1300 Rs per quantal and for chana is 1450 to 1600.. in the condition when there is a good monsoon.. this year s monsoon was more than good... therefor all demand factors are showing long term bearish trend..

 

[sh_suhan]

Hi,

There was some upward movement in tur today..can I hope to break even at 1675 for Nov. contract?

ncdx warehouses are filled with 44000 tons of lemon tur and another vessal is loaded from burma for mumbai port.. so thr r very little chances for a tur bull rally plus local crop will b out in mid november..its up to u how do u interprit this inforamation!!!!

 

[ncdx]

Hi,

There was some upward movement in tur today..can I hope to break even at 1675 for Nov. contract?

well Suhan... tur has given a very good breakout today..
and market reports are also positive.. traders were earliar in very bearish mood.. now they r not bullish but in a stable mode.. so hold for next week.. u may get a chance... dont forget to put the limits...u never know when it passes....

 

[ncdx]

Well well well.... Finally FMC s KUNHAKARAN NEEDRA has broken today.. they suddenly come out with all sorts of measures (when CBI is raiding all over India... )

Read todays Eco... The main point that i was discussing very heavily was of 0.5% penalty clause.. now its been increased to 5%... i hope this will some what curb the speculators.. and becoz of that all pulses futures were in GREEN today... so this is called immediate effect...

As far as trading calls.. URAD is in a heavy bull zone.. the way it jumped 100 Rs in a day and still sustained.. watchout for another 100 Rs jump very soon.. Mumbai spot was quoted around 1941-51 and the oct contract is 1858..so imagine whats gonna happen!! after this penalty clause is now put in place...

tur, chana and gavar will take a upward move but slowly-2...
I am happy that many members r posting and asking queries...
keeeeeeep posting guys i am here....

 

[ncdx]

Very conflicting reports from Rajasthan are coming regarding guar production... some says not enough production.. where as some views r that crop is not of the best quality and is not enough.. others r saying crop will b more than last year.. totally now.. it will take some time for a clearer picture... the good news is that GUAR FUTURES MAY NOT GO DOWN FROM THE CURRENT LEVELS..

URAD is riding on the fastest BULL.. jumped again 30 rs today.. has gained 130 Rs in this week only.. the main reason is that there is no inflow from burma.. local maharashtra crop has been badly damaged and urad stockist doesnt wanna sell a single kg.. heavy demand and zero supply.. this is the situation... Traders r targetting mumbai spot 2150... so thats the urad picture..hold your long positions if any..

chana has given a strong breakout today.. closed above 1830.. thats very positive sign.. will go upwards from here..

tur future still doubtfull.. it goes up.. and immediatly comes down.. so stay way....

Chana, urad and guar r the pics for long position..

 

[ncdx]

Gavar is on circuit now..
oct 1654 nov 1685 dec 1706... so speculators are back in game... with reports coming of crop damage.(at least for now)
urad bull has gone crazy(i hinted 100 rs gain.. has gone up 115 rs since than) so as chana becoz its the trailer of guar..
i can not hide my smile now...

 

[sh_suhan]

hey, anything expected on similar lines for Tur??

Gavar is on circuit now..
oct 1654 nov 1685 dec 1706... so speculators are back in game... with reports coming of crop damage.(at least for now)
urad bull has gone crazy(i hinted 100 rs gain.. has gone up 115 rs since than) so as chana becoz its the trailer of guar..
i can not hide my smile now...