Today morning International Market price of Natural Gas..Trend Seems Bearish..
So due to bearish mode result ..MCX Opened by Gap down..
Mostly at the end of the Contract Closing ..Natural Gas Rate Should be down
Reason :
1. Today Current (28.10.13 ) Contract 'll Expired..So most of the Players 'll move on Next Month Contract.
2. Current and Next Month Contract Rate difference..Rs 7/-
OCTOBER MONTH - OPEN RATE - 226.90
NOVEMBER MONTH - OPEN RATE - 234.0
Actually there's Rs 7/- difference..as per my strategy..always rate difference 'll be around Rs 3/-
Before Contract Closing ,Next Month Contract Price 'll down to Current Month Open Price or Near...
Ref below image..Exactly match the price..0.20 Paise only Difference.
And Pls find the Trading Strategy ..thru Old Contract Note..
