Day Trading Stocks & Futures

[vikas2131]

Supreme effort to make sure no breakdown in indexs. Quite possible we might gap down on tuesday .

 

[sridhga]

They're very high beta and nbfc's have in general been step-children to banks via RBI.
Given these two factors they're taking a big beating, but compared to some peers they're better placed.
May not be a short trap but seems the accumulators maybe throwing in the towel first. Those who expected some kind of recovery.

In theory, it can see lower levels, but it doesn't write-off the stock. When they rise, it will be with similar momentum but this is imo.

Yeah, nice weekly flag in Finserve and some kind of base in finance. Now long term bias is generally up so these can fail as trap - but this will certainly test a lot of buy and hold people, esp since it was market darling. Market favorites are prone to getting hammered in next cycle. I get feeling of bigger down move - but i dont trade my feeling, probably wont work.

Edit --
Fundas i dont know, good thing they issued equity before the crash. But a lot of negative reviews for them on how they operate business, apparently there may be some ethics issues. I dunno, could be just people complaining.

Take one of them for discussion purpose. Bajaj Finance is now trading where is was just one and half or two years ago. So all the steep fall had come because of the steep rise as well. In 2014, Bajaj Finance was quoting below 150. So you can see how steep the rise was. They simply lent where regular bankers did not bother to go. But it would be a fallacy to think that they will not have bad debt problems. Most of their lending is in consumer finance segment. Since that segment in India was rapidly expanding in the last decade, defaults were insignificant as compared to new business expansion. But Covid kind of situation can turn the economy around and make lenders face the reality.

2008 US crash was related to consumer lending. (both credit cards as well as home mortgages). That market is more matured in this segment and hence they have seen the cycles. In our country we are yet to see that. When General Electric was investing in Asia finance business, (Thailand, Indonesia, and also SBI Cards investment in India etc), their boss Jack Welsh said, " In Asia, borrowers feel that it is an insult to default and to be seen with collection agents coming to their homes" GE exited SBI cards longtime ago and they smartly exited finance business in Asia. Now these markets are not so nascent and once personal bankruptcy code is in place in India, you can see the defaults. That may impact HDFC, LIC Housing Finance and SBI Cards as well.

I think, in the long run, it is a very risky business. Especially, the consumer lending business of Bajaj Finance.
Bajaj Finserve also owns Insurance companies. They are now writing down some of their risky investments (read bonds). That is another headache.

 

[jd1234]

done for the day . now trading on tuesday 26th may .

bahut jaldi nita diye

 

[travi]

Take one of them for discussion purpose. Bajaj Finance is now trading where is was just one and half or two years ago. So all the steep fall had come because of the steep rise as well. In 2014, Bajaj Finance was quoting below 150. So you can see how steep the rise was. They simply lent where regular bankers did not bother to go. But it would be a fallacy to think that they will not have bad debt problems. Most of their lending is in consumer finance segment. Since that segment in India was rapidly expanding in the last decade, defaults were insignificant as compared to new business expansion. But Covid kind of situation can turn the economy around and make lenders face the reality.

2008 US crash was related to consumer lending. (both credit cards as well as home mortgages). That market is more matured in this segment and hence they have seen the cycles. In our country we are yet to see that. When General Electric was investing in Asia finance business, (Thailand, Indonesia, and also SBI Cards investment in India etc), their boss Jack Welsh said, " In Asia, borrowers feel that it is an insult to default and see collection agents coming to their homes" GE exited SBI cards longtime ago and they smartly exited finance business in Asia. Now these markets are not so nascent and once personal bankruptcy code is in place in India, you can see the defaults. That may impact HDFC and LIC Housing Finance as well.

I think in the long run, it is a very risky business. Especially, the consumer lending business of Bajaj Finance.
Bajaj Finserve also owns Insurance companies. They are now writing down some of their risky investments (read bonds). That is another headache.

yes.

But today's brunt and the previous one is solely due to lack of policy support.
When RBI wants to talk about economic growth, they conveniently forget that it is this consumer lending which was boosting sales.

They're more interested( by supporting) in psb funding big money guzzlers who eventually become NPA the size of a small state's revenue.

 

[vikas2131]

Central Bank Digital Currencies On the Way

Once cash is banned, governments can and will track every penny of every person 100% of the time.

https://www.thestreet.com/mishtalk/economics/central-bank-digital-currencies-on-the-way

 

[siddhant4u]

asian paints (hrly)

 

[vikas2131]

BankNifty :-Lower than March on weekly close basis and down 47% from the top... An index going down 47% is HUGE

 

[travi]

asian paints (hrly)

View attachment 42678

that trade no more became portf holding. (1st buy when 1600 broke around 10 days ago)
My avg was near 1500s, booked half today
this momentum will go higher.

 

[apegaonkar9]

yes.

But today's brunt and the previous one is solely due to lack of policy support.
When RBI wants to talk about economic growth, they conveniently forget that it is this consumer lending which was boosting sales.

They're more interested( by supporting) in psb funding big money guzzlers who eventually become NPA the size of a small state's revenue.

After 20 Trillion package Government and Central bank left no elbow room. Exhaust all arms and ammunition.
The more and more unforseen problems are erupting. Like Amphan cyclone created very serious issues of rehabilitation of millions affected.
Now manufactures are urging migrants to return back. Today surat Diamond market shut after 1 hour of opening.
Mostly Covid-19 crisis becoming furious. Yesterday world record sharpest single day rise of more than 1lac case.
Only God knows what store in future.

 

[imurvrtrader]

BNF
seems moving for 17300,
ltp 17111

high so far 17289 (after hitting a low of 17006)
once stays above 17300 will move for 17400 and then 17500 (most likely)
ltp 17212