Ncdx Trading Tips

[ncdx]

What is your take on steel ingots?

hi Saleem.. sorry but i only followas pulses... like urad, chana, tur and guar... no idea about other commodities..

 

[adilsaleem]

Thanks so much for the tip on URAD , it really helped me .... also when do you think the market will consolidate. I mean are we not looking for some profit booking on this (URAD) counter ??

 

[ncdx]

Thanks so much for the tip on URAD , it really helped me .... also when do you think the market will consolidate. I mean are we not looking for some profit booking on this (URAD) counter ??

Well.. one should book profits at every levels.. when market jumps 100 rs every day!! u never know when it comes down.. trend is still positive but some concerns r now raising.. 2200 was target and ncdex dec has touched today..many thinks the peak has come now in urad..
so b very coutious and trade with strict STOP LOSSES.. that should b the strategy for all traders at least for now..

 

[Karuna]

Hi ncdx

There is an ad about course in commodities trading in ET today. Is it worth it ? Does one need formal training for commodities trading ?? Your comments please.

Thanks
Karuna

 

[ncdx]

Hi ncdx

There is an ad about course in commodities trading in ET today. Is it worth it ? Does one need formal training for commodities trading ?? Your comments please.

Thanks
Karuna

Well for trading in commodities as far as i know one must have 110% knowledge about that particular commodity.. that can b anything i.e gold,silver crude etc etc.. u must b fully aware of the FACTORS that affects the price speculation.. definately for new comers training is a must..
becoz this market can wipe your margins in a minute.

 

[adilsaleem]

What are the factors that affect tur and urad ??

 

[adilsaleem]

URAD looks strong again today , i think it has some resistance at 2190 for oct contract , past this it may touch your 2200 level. Do u feel its the best time to book profits??

 

[ncdx]

God knows where is the top of Urad mountain
...jo mal bech gaya uska patta saaf..2500 looking next target..

tur hammered badly.. very likely to go down 50 rs more from current levels.. sell with a stop loss of 1630 nov.

one take a buy in Chana for a short period with stop loss @ 1885 ncdx november. target looking 1960 in a quick time..

gavar now getting stronger.. hold if anyone have long positions.. buy with a stop loss of 1645 nov.

Happy trading..

 

[ncdx]

What are the factors that affect tur and urad ??

factors are very simple... Demand and supply...
Watch the ncdx stock postion in the warehouses..
it shows 42000 tons tur and 11000 tons urad..
No one is having urad FAQ stock now in the market.. ncdx stock is the only stock.. u can count the open position of all urad contracts that comes to 2 lakh tons and the stock is only 12000 MT ..

Tur crop will b excellent and will b out in nov-dec.. plus the local stocks.. burmese Lemon cost to importers about 1525 per quiantal..
Therefor Ferget the TEZI in tur and watchout urad, chana and gavar... hope u r having profits..
Happy trading

 

[maniwal]

Hi... i new to commodity and doing trading but loss 3000 rs in refsoyoil. Now i see your rec.. so shall i buy urad at this level