Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
*Why are NBFCs selling off?*:
(1) There is news that DHFL bond has sold for a high implied yield to maturity of ~11%.
(2) This has made stock investors of DHFL worried about DHFL's liqudity and sold off the stock.
(3) Other HFCs have sold off in sympathy with DHFL. Other non-HFC NBFCs have joined in the sell off.
(4) DHFL management has confirmed on air that they have not faulted and there is no liquidity crisis at DHFL.
(5) It is possible that the entity which sold DHFL paper did so because it was not satisfied with this exposure and wanted to sell anything of slightly questionable creditworthiness. *This is an example of risk aversion after the unfolding of the IL&FS saga even though entities being sold off have no direct exposure to IL&FS.*
(6) DHFL and IBHF have both confirmed on air they do not have any exposure to IL&FS.
(1) There is news that DHFL bond has sold for a high implied yield to maturity of ~11%.
(2) This has made stock investors of DHFL worried about DHFL's liqudity and sold off the stock.
(3) Other HFCs have sold off in sympathy with DHFL. Other non-HFC NBFCs have joined in the sell off.
(4) DHFL management has confirmed on air that they have not faulted and there is no liquidity crisis at DHFL.
(5) It is possible that the entity which sold DHFL paper did so because it was not satisfied with this exposure and wanted to sell anything of slightly questionable creditworthiness. *This is an example of risk aversion after the unfolding of the IL&FS saga even though entities being sold off have no direct exposure to IL&FS.*
(6) DHFL and IBHF have both confirmed on air they do not have any exposure to IL&FS.
The reason I mentioned shorting in the morning was as per my observations on the chart.
1.Twice it failed near the 200 EMA.
2. RSI 60 acts as nice Support and Resistance(This i found only for Nifty).The moment it broke below RSI 60 it stayed there. also pointing the
BB Extreme here for illustration and learning.
1.Twice it failed near the 200 EMA.
2. RSI 60 acts as nice Support and Resistance(This i found only for Nifty).The moment it broke below RSI 60 it stayed there. also pointing the
BB Extreme here for illustration and learning.
@nitingosavi Where are you today bhai? You would have made a killing too today.
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