Mr.Dev (s)

Mr.Dev(s) is a team of non-biased certified technical and research analysts with extensive experience in the financial markets dating back to 1997. They accurately forecast market movements and position their clients accordingly. They are popular online contributors on many channels and platforms, known for their non-biased advice and commitment to helping investors make informed decisions. The team is also the founder of forex account management services on Moneymunch.com, demonstrating their knowledge and experience in the financial world. Investors can rely on Mr.Dev(s) for research reports and opinions, as well as trading guidance.

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Commodity MCX / NCDEX Holidays list in 2014

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In terms of the Bye-laws, Rules and Regulations of the Exchange, the following days are declared as trading holidays for the calendar year 2014 along with details whether the holidays would be full or part holidays for trading:

DescriptionDateDaysNormal SessionEvening Session
Id-E-Milad14th JanTuesdayClosedOpen
Mahashivratri27th FebThursdayClosedOpen
Holi (2nd day)17th MarMondayClosedOpen
Ram Navami08th AprTuesdayClosedOpen
Dr. Ambedkar Jayanti14th AprMondayClosedOpen
Good Friday18th AprFridayClosedClosed
Maharashtra Day1st MayTursdayClosedOpen
Budha Purnima14th MayWednesdayClosedOpen
Ramzan ID29th JulTuesdayClosedOpen
Independence Day15th AugFridayClosedClosed
Ganesh Chaturthi29th AugFridayClosedOpen
Gandhi Jayanti2nd OctThursdayClosedClosed
Dusssera3rd OctFridayClosedOpen
Bakri ID6th OctMondayClosedOpen
Diwali – Laxmi Puja *23rd OctThursday* Open* Open
Diwali – Balipratipada24th OctFridayClosedOpen
Moharum 04th Nov. 144th NovTuesdayClosedOpen
Guru Nanak Jayanti06th NovThursdayClosedOpen
Christmas25th DecThursdayClosedClosed

Market timing

Trading on the commodities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the commodities segment are:
Normal session time: 10:00AM to 5:00PM
Evening session time: 5:00PM to 11:30/11:55PM

*Market would be open for Muhurat Trading, timings for which will be informed separately.

Data and information provided by Commodity MCX & NCDEX exchange.

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Moneymunch: SEBI eyes on MCX Dabba trading and complaints

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Securities and Exchange Board of India, Sebi

What is Dabba trading (Definition): The investor’s trades [buy/sell orders] do not executed on stock exchanges system but in the dabba operators books only.

Top reason for dabba trading: mainly to save on tax and trading fees. But traders don’t know, dabba trading or trading in commodity (MCX / NCDEX) futures outside the FMC-regulated exchanges is illegal as per the Forward Contracts Regulation Act (FCRA), 1952.

Dabba trading is also risky as it does not provide protection against counterparty default risk as guaranteed by commodity futures exchanges for trades done on them.

Market controller Sebi may break down on dabba trading that is said to be out of control in cities like Rajkot, Ahmadabad, Mumbai and Indore, following (consumer) complaints from market participants.

Dabba trading activities is 70% more existing in equity trading rather than commodity market. Look below image:

Cash turnover increases

(GIVEN by LOKESHWARRI SK BL RESEARCH BUREAU)

SEBI is asking, are Gujaratis losing interest in equity trading?

SEBI sources said: finding exact information from market participants about such illegal activities, has furthermore written to the state governments seeking information in this regard.

If you notice any illegal commodity futures market activity, please report to:
Forward Markets Commission, Everest, 3rd Floor, 100, Marine Drive, Mumbai 400 002, Tel: 022-227 953 00, Fax: 022-2281 2086, Email: [email protected]

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Commodity NCDEX Jeera, Guargum and Guarseed tips

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NCDEX Guar Seeds
Guarded close @ 4595

Little risky, sell on rise.
Opening bell should be downwardly
Targets: 4536-4509

ncdex jeera
Jeera close @ 9770

Sell on rise without any worry!
Targets: 9670-9586 below

guargum ncdex - gurgam
Guargum close @ 12250

Risk Level: High, opening bell should be downward. Sell on rise with targets: 12090-12000

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Commodity MCX Gold, Silver, Natural gas, Copper, Cardamom, Potato tips

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mcx copper

Are you thinking to buy copper for long term? O, wait a minute… don’t become in trap of copper movement… If copper close below 396 level this week for 2 consecutive days then we’ll look at 380-371 levels again.
Buyers, just relax and wait for consecutive closing above 408 level for 1-2 trading session. If copper successfully stay @ 408 or above then we’ll look at 420-426-432+

ncdex cardamom free tips

I don’t need to explain anything… Targets: 907-916-928
Remember, stoploss provided only to member..

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mcx-potatos

Everybody is talking about MCX Potato, I should to tell you once, “Targets: 1297-1319-1334+“. (S/L will provided to members only!)

MCX Natural gas

House Republicans will move ahead this week with legislation to accelerate exports of American natural gas, which supporters fight will aid Europe and Ukraine break their dependence on Russian petroleum as well as cut Moscow’s power in the region.

United States – government could do much at no cost to promote private investment – including authorizing oil and natural gas exports, bringing clarity to the future of corporate taxes and moving forward on trade agreements that open up foreign markets. (reuters)

“+RIL and Solicitor general Mohan Parasaran’s, who on April 3 tried to defend the Centre’s decision to double the prices of natural gas before the Supreme Court,” AAP said.

Anyway, let’s move to direct main topic… This weak Natural gas is looking downward. Two major resistances are 274-288
Targets: 260-250 below

mcx gold silver

Finally, gold and silver had taken a small U-Turn on last week. From technical chart base gold and silver markets are forever cyclical…
Continue reading more about Gold / Silver reports… Only subscribrs see, what will happen in next week…

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Moneymunch found CBI complaints against MCX-SX licence

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CBI director Ranjit Sinha
IT (Income Tax Department) had raided the offices of MCX and FTIL on June 19, 2007. The CBI is looking into this matter five years after the permission was granted and Sebi chief C B Bhave said “MCX Stock Exchange case, CBI working with ‘crazy logic'”. Central Bureau of Investigation (CBI) said on Thursday that it had registered a preliminary inquiry against former Securities and Exchange Board of India (Sebi) chief C.B. Bhave, its former whole-time member K.M. Abraham, Multi Commodity Exchange of India Ltd (MCX) and Financial Technologies India Ltd (FTIL).
P Chidambaram
Our Finance Minister P Chidambaram last words were on this matter, “don’t think CBI has all the facts on Bhave case. I am sure the Sebi records give reasons for why it gave them the licence for currency futures”.
Jignesh shah
But two days back at evening, Jignesh Shah was taken to CBI headquarters in Mumbai for questioning. The enquiry, in this instance, has been registered in connection with the grant of a license to MCX Stock Exchange (MCX-SX), which first started operations in 2008 with its currency derivatives segment. Shah was later released by CBI.
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Commodity MCX Gold and Silver Intraday Tips

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mcx gold silver tips

First, we start talk about my last Gold and Silver newsletter email. You don’t remember? I had written on Mar 28, 2014 click here to read our last Gold and Silver tips.
I said about Gold, “Now Gold is looking bearish to more bearish from this level.
Targets: 28300-28132 [Remember, sell on rise]”
bear gif
And on Friday our all targets blasted!
Our subscribers also sold gold, take one look below on my mobile screen so you can believe:

gold call moneymunch
gold call moneymunch

Today, MCX Gold [JUN] is looking weak. It will touch 27800-27700 in coming days… If gold cross 28200 level, then we’ll see at 28300-28450 today.. Remember, sell on rise.. S/L is available for paid subscribers only!
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mcx silver

I had also written Silver targets: 42446-41946-41446 [Click here to see silver tips]
gif
First target done on Friday…
What you expect now? It will kiss remaining targets or not?

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