Day Trading Stocks & Futures

[rahulmalik]

kal bhi gap down ?

Very high probability

 

[Riskyman]

Even 10550 came ravi bhai

 

[franz.kafka]

Now as gov. is cutting its excise on fule and even gona ask state to do so, no wonder reliance be waat lagi hue hai, how will reliance gona manage it now, as they are already heavily invested in there new venture.

 

[rahulmalik]

Even 10550 came ravi bhai

next support 10420 ! Interesting number

 

[TraderRavi]

Fund managers ready to go shopping after sharp correction in stocks
Mutual funds that were holding around 8-10 percent cash level in their equity portfolio are likely to purchase shares of companies in banking and financial services, information technology, pharmaceuticals


Domestic fund managers are capitalising on the market fall and buying shares as they feel the valuations have become attractive after a sharp correction in the domestic stock market.

Mutual funds that were holding around 8-10 percent of the total AUM as cash in their equity portfolio are likely to purchase shares of companies in banking and financial services, information technology, pharmaceuticals, and media shares, fund managers said.

Normally, most fund managers prefer to keep around 4-5 percent of the AUM as cash for meeting liquidity requirements in case of a redemption.

"We are definitely buying in the market fall. We are buying good franchise companies there were good bets but valuations were expensive which have now become cheap because of the fall, said Anand Shah, Deputy Chief Executive Officer and Head-Investments, BNP Paribas Mutual Fund.

Fund managers hinted that they are picking up shares of non-banking financial companies (NBFCs), which have good franchise, distribution network, treasury management, asset liability management (ALM) management.

Concurring with Shah’s view Viral Berawala, Chief Investment Officer at Essel Mutual Fund added, “We are also doing some incremental buying in the current fall. We are buying sectors which are insulated from the current risk of crude and rupee like media and export-oriented stocks,”


https://www.moneycontrol.com/news/b...after-sharp-correction-in-stocks-3012741.html

 

[Riskyman]

next support 10420 ! Interesting number

How so? Swing low something?

 

[rahulmalik]

How so? Swing low something?

daily support on nifty 50 spot chart. somewhere in 10410 to 10420 level. Lows made on 23 and 24 May , this year

And today was the 4th time 10550 was held on to.

 

[headstrong007]

And today was the 4th time 10550 was held on to.

Nifty spot adjusted closing above 10560, so still the important level is not breached.
But, yes it's 4th attempt, means a make or break too.. bull vs bear extreme fight to capture the level soon. Tomorrow may be a big day...

 

[TraderRavi]

its very interesting to read comments and analysis of 2008 crash live in old threads of TJ. as traders were not aware what is going to hit them, same this type of analysis was going on then. ab bas itna hi girega , next week uthega support lega etc but nifty sidhe gaddhe mein jaake giri. people then were also buying stocks at 500 - 1000 point fall but fall ka falwa ho gaya aur last mein stocks ki sale lag gayi to paisa hi nahi bacha. we never know ye fall kidhar rukegi.

 

[Riskyman]

daily support on nifty 50 spot chart. somewhere in 10410 to 10420 level. Lows made on 23 and 24 May , this year

And today was the 4th time 10550 was held on to.

I asked because interestingly 10420 coincides with my Gann baba's levels. Thereafter its 10230-240 levels followed by 9850 levels.