amitkumar said:
i am unable to understand why the soya oil rates are being pulled up so much.......there is no demand in practicla market.......inspite of that there is a huge hike in prices of soya oil (8 rs.) some bad game is going on......also chana is rising.....can anyone give me some idea
As i heard news about soya is that some international concerns are thaere and is jumping on foreign exchanges plus there s some crop disruption in south America.
When urad jumps more than 200 rs in 2 days, chana can not b left behind becoz the sentiment of TEZI spreads as same set of operators are trading in both items. therefor if any one item moves other follows
u can closly wath thier movement in pair, both items shows mostly similar (day trading)graph.
The point is chana is valid becoz fundamentals are not supporting upwords move
urad as i written earliar, most of the imported maal belongs to bull players so they wont crash the markets.ya they may create short positions after pulling up.
It s common sense that if i am the owner of some item i will definately want that prices shoots up and thats what happening in urad.