General Trading Chat

[arcus]

Amazing. Full blown panic today. S&P 500 down 5%. That happens once in every 5 to 6 years. Rupee at 67.

It made me come out of my 4 month slumber on this forum.

 

[Dax Devil]

2594 squared off. humff humff.

Sh**. Did early. Circuit break today. Crude is going to cheaper than water.

 

[eku]

Nifty 6500 to 8500 since the inception of Modi as would be PM..
Now its coming back..Is it possible that it will be again 6500?

may be,it will do ding-dong tuktuk for next few months..

what will be the size of NF? SEBI's mandate from November..lets see..

btw,I am waiting for my AFL,Pratap Sir is missing.And some of my queries buried in piles of posts one after the another..

 

[Riskyman]

2594 squared off. humff humff.

Sh**. Did early. Circuit break today. Crude is going to cheaper than water.

The Arabs must be hiding by now. Anyways apna SGX Nifty is down 4% already. testing some 7483 levels.

 

[timepass]

The USD/JPY pair fell from 120 to 117 in less than a minute. Thats a big move. Serious turmoil for some currencies.

Dow future down 800 points.

USD is down against a lot of currencies, so is INR against USD and most of the currencies.

That yen movement will have some effect on maruti.

 

[Riskyman]

USD is down against a lot of currencies, so is INR against USD and most of the currencies.

That yen movement will have some effect on maruti.

Yes its a big hotch potch to follow which one is doing what against what. JPY has been gaining against the USD.

JPY/INR 0.5683 Up 0.0255(4.6900%)
Maruti should take a hit!

BTW, that was nice thinking. i never thought of the Maruti angle at all. (Maybe because I dont trade that stock. )

 

[Dax Devil]

The Arabs must be hiding by now. Anyways apna SGX Nifty is down 4% already. testing some 7483 levels.

7734 gone means 7200 is the next halt. The way fall is getting momentum I am afraid it will go right through it. So much for the modi wave...turning tsunami for bulls.

 

[Riskyman]

7734 gone means 7200 is the next halt. The way fall is getting momentum I am afraid it will go right through it. So much for the modi wave...turning tsunami for bulls.

Well... Think traders already cashed in big time on the Modi wave from 6000 to 9000. That was a great run. I'm not an economist per say but I did study economics in my masters. I can tell you that among most EMs, India will see through the crisis. Not that we wont get beaten down but we will survive. Our economy is very domestic oriented so we will somehow see it through. Some of the other guys like Indonesia, Brazil, Taiwan etc can take a very very bad beating if this sh*t hits the fan anytime soon.

Im really not sure how far deep we may fall. Cannot tell. This is not a full blown crisis yet. Should the FED up interest rates,china go down deeper and crude remains at 40 usd P/B then we could burst the 100 trillion$ bubble and the party thats been happening since 2008 will start coming to an end. In that case 2007 crisis will start to look like a piece of cake. But we are not there yet.

 

[nifty trade]

I am not an fundamentalist too but the way market is falling feels like it will hit bottom much sooner rather than later now because after 9100 the way 7900 is gone, is a complex correction and feels like a final down move........... Can't remember the exact words used to call this situation, is it capitulation?........ I think it is.

About America unless and until dow is going to new lows below 2009 lows, it feels like a flash in the pan too, because the bear market generally ends like this, not start like this kind of free falls

 

[Dax Devil]

I am not an fundamentalist too but the way market is falling feels like it will hit bottom much sooner rather than later now because after 9100 the way 7900 is gone, is a complex correction and feels like a final down move........... Can't remember the exact words used to call this situation, is it capitulation?........ I think it is.

About America unless and until dow is going to new lows below 2009 lows, it feels like a flash in the pan too, because the bear market generally ends like this, not start like this kind of free falls

Look like it is gonna be Planet of the Bears