Day Trading Stocks & Futures

[Riskyman]

Regarding the eicher motors I have this opinion. I could be wrong.
........................................................................
They need to innovate.

Bullets are over hyped bikes in India. Apart from the fact that they are bulky and strong, they are crap. The technology in that is almost still WW II. Maybe the company hopes there will be WW III and soldiers will use it.
They change the color and remove one seat and give it a new name. Then they add leather bags and call it by another name. Same old junk packaged in different ways. Unbelievable how Mr. Siddarth lal continues like this. Classic!! Every bullet user after 2 years starts complaining about oil leakages etc etc

PS: I rode a Bullet to @TraderRavi 's home state in the Himalayas. It broke down several times, needed extensive welding and repair. But I will admit, it is the only bike that can take all the brutality that the Himalayas has to offer.

 

[Riskyman]

@sanju005ind @iwillwin Also, keep an eye on stocks like pfizer, sanofi, honeywell auto, siemens, laxmi machines etc. These are excellent stocks for the long term.

 

[niftytaurus]

Nice discussion and good to see many price action traders active today.
I am also price action trader .. do trade in NF and BNF only.

hi Ravi Bro
you please also share your chart of bnf & nf ..so we all can also your style of PA trading
thanks

 

[Riskyman]

SEBI may consider circuit filters for F&O segment as stock prices halve
https://www.moneycontrol.com/news/b...fo-segment-as-stock-prices-halve-3009171.html

 

[Riskyman]

This could lead to further food inflation forcing RBI to hike rates.

Cabinet approves proposal to hike MSP on rabi crops
https://www.moneycontrol.com/news/b...oposal-to-hike-msp-on-rabi-crops-3009891.html

 

[afin]

This could lead to further food inflation forcing RBI to hike rates.

Cabinet approves proposal to hike MSP on rabi crops
https://www.moneycontrol.com/news/b...oposal-to-hike-msp-on-rabi-crops-3009891.html

not to mention, trading on NCDEX in dal based commodities. As a matter of principle, I am completely against the speculation of essential food grains & commodities.

 

[TraderRavi]

IL&FS crisis rattles MFs; cash plans worst hit with Rs 70,000 cr outflows in Sept


Fears of a liquidity crunch following the IL&FS crisis hit the mutual fund industry in September. Cash plans or liquid funds were the worst hit.

According to data from CAMS, a mutual fund registrar which covers 85 percent of the industry flows, cash plans or liquid funds saw outflows worth a whopping Rs 69,694 crore.

Ultra liquid schemes also suffered from net outflows of Rs 19,479 crore last month.


Not only cash plans all categories in the debt segment also registered outflows, barring fixed maturity plans.

 

[manny.here]

IL&FS crisis rattles MFs; cash plans worst hit with Rs 70,000 cr outflows in Sept


Fears of a liquidity crunch following the IL&FS crisis hit the mutual fund industry in September. Cash plans or liquid funds were the worst hit.

According to data from CAMS, a mutual fund registrar which covers 85 percent of the industry flows, cash plans or liquid funds saw outflows worth a whopping Rs 69,694 crore.

Ultra liquid schemes also suffered from net outflows of Rs 19,479 crore last month.


Not only cash plans all categories in the debt segment also registered outflows, barring fixed maturity plans.

If outflow starts in Equity MF then there wont be any FII or DII to save the market

 

[TraderRavi]

Sebi has miserably failed in looking at rating agencies over IL&FS: Anil Singhvi

You have raised a very important issue and we must learn from IL&FS episode that Sebi has miserably failed in looking at rating agencies. In fact, if you look at IL&FS, the problem is it has been run like a fiefdom of one man for the last 30 years.

I do not think the board’s oversight was enough in case of IL&FS though the board comprised many serving and retired officers at various points in time, including the larger shareholder, that is LIC. LIC has been a nominee on the board of IL&FS for a long time.

Having said this, I think the rating agencies have miserably failed in looking at the health of IL&FS. It was like an Amtek Auto, all of a sudden you have a double AA, AAA company getting down to D and this is what rating agencies are doing. There has been really no oversight on the rating agencies.

About the whole methodology and the teams which are really giving these kinds of ratings, how could an AAA become D overnight on that. That means there is something more wrong in this.

I think IL&FS should be a good example and an eye opener for all the regulatory framework in India. It is not a small deal. It is about Rs 1 lakh crore, I do not have any iota of doubt in my mind that most mutual funds and other lenders to IL&FS failed miserably in having a credit assessment.

You just cannot go by the AAA rating and rely on that. Ultimately, you were giving the money to IL&FS which has turned from a financing company into an infrastructure play. Would you have given this kind of money to any other infrastructure company? Answer is no. So you were relying largely on account of the shoddy job by the rating agencies and rating agencies have failed in last two years in many cases on that.

So I do not have any sympathy for all the mutual funds which invested in the IL&FS paper. Why should government and public money be there to bail out the problems of the mutual fund industry on account of their having invested with IL&FS? I for one surely would recommend not to get into that. If mutual funds have an exposure, so be it.



Read more at:
//economictimes.indiatimes.com/articleshow/66050746.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[monkeybusiness]

Using Kite connect API/JSON script found on youtube link posted in this forum. Mostly I do a backfill at the end of the day 5 Min data for FNO Scripts and crude.I was able to backfill intraday from 2015.Planing to import Nifty and BN Futures intraday too going forward.

Whenever time permits, please post the method