What is circuit in Ncdex?

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What is circuit in Ncdex?

The NCDEX futures contracts of barley, chana, cottonseed oilcake, mustard seed (RM Seed), refined soyabean oil, soyabean and turmeric hit the upper circuit after rallying in the range of 2-4 per cent on Monday. Second, the rally in soyabean, soyabean oil and mustard seed are triggered by international factors.

What does upper and lower circuit mean?

Upper Circuit/Lower Circuit – The exchange sets up a price band at which the stock can be traded in the market on a given trading day. The highest price the stock can reach on the day is the upper circuit limit, and the lowest price is the lower circuit limit.

How do you read Ncdex?

Understanding the National Commodity & Derivatives Exchange The National Commodity & Derivatives Exchange (NCDEX) is one of the top commodity exchanges in India based on value and the number of contracts. It is second only to the Multi Commodity Exchange (MCX), which is focused on energy and metals.

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What is upper circuit in?

An upper circuit is the maximum price to which a stock is allowed to move upwards. So, the stock price is allowed to move between Rs. 80 to Rs. 120 on that given day. The circuit filters are applied on the previous day closure of the stock.

Is Ncdex a stock exchange?

National Commodity & Derivatives Exchange Limited (NCDEX) (NCDEX/the Exchange) is a leading agricultural commodity exchange in India, with a market share of 78.0\%, 81.5\%, 79.9\% and 78.1\% in the agricultural commodity segments, based on average daily turnover (by value) for the six month period ended September 30, 2019.

How do beginners read stocks?

Important things to know when learning how to read a stock chart

  1. Identify the trend line. This is that blue line you see every time you hear about a stock – it’s either going up or down right?
  2. Look for lines of support and resistance.
  3. Know when dividends and stock splits occur.
  4. Understand historic trading volumes.
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What happens when a stock touches upper circuit?

A stock which has hit the upper circuit cannot move any further higher on that day, but the stock can move lower in case there is fresh supply at a lower level than the circuit filter price.