General Trading Chat

But few presstitutes of ET Now Ayesha,Manisha and 3 more all of them were smiling,laughing while talking about the fall.

At least Udayan Mukherjee used to show a sorry face during such huge crashes/gaps.

SGX Nifty at 7662.
Udayan Mukherjee's analysis used to be pretty good. Few analysts like Sudarshan Sukhani and Ajay Shrivastava were mentioning last few days that the trend has turned down and we will go below 7900. Sukhani clearly mentioned to liquidate long positions below 8580 and go short below 8500....so some TV guys talk sense, all of them are not bad..

But we as professional traders dont depend on somebody's analysis and views...our own charts were showing clear signs of downtrend for last few days. Traders should have gone short on any rally of last few days.

Smart_trade
 
I dont want to go into fundamentals,world economy etc.
Nifty after breaking the downtrend channel upwards, its forming the expanding triangle pattern, if 7700 level protected , I wont surprise to see 8700 in a month.



I am not an investor, only intras, rarely carry over trades.
so i am not going take any long based on the above chart :D
 
Shri Raghuram Rajan is a person of great achievements. He is RBI Governor and I am sure he is much qualified and experienced than most of us here...so stop making some comments showing his photograph....some comments are outright childish so delete them.

Smart_trade
 

TradeJoker

Well-Known Member
Shri Raghuram Rajan is a person of great achievements. He is RBI Governor and I am sure he is much qualified and experienced than most of us here...so stop making some comments showing his photograph....some comments are outright childish so delete them.

Smart_trade
Sorry ST sir, I'm only talking about his stock market prediction, he always come with a warning when a crash happened, and investors get panic , he has to do just opposite to give confidence to common retail investors. Many new investors who only interested in land and gold now coming to market these days
 
Sorry ST sir, I'm only talking about his stock market prediction, he always come with a warning when a crash happened, and investors get panic , he has to do just opposite to give confidence to common retail investors
What prediction are you talking about ?? Did he ever predict index level ? He might have said that economy is showing early signs of improvement...but that is based on hard facts which RBI collects. Are we going to blame him for the market fall ?

I heard both RBI Gov and Finance Minister today on TV and they gave confidence that our economy is in much better position to handle the shocks of this world turmoil because of lower inflation, lower oil price, lower fiscal deficit and that is what they are supposed to say.. I dont expect them to say Buy at current levels...8500 is pakka in next 3 months or something similar. Retail investor is not in panic it is the leveraged trader/speculator who is holding the position against the trend who is in panic.

ST
 
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TradeJoker

Well-Known Member
What prediction are you talking about ?? Did he ever predict index level ? He might have said that economy is showing early signs of improvement...but that is based on hard facts which RBI collects. Are we going to blame him for the market fall ?

I heard both RBI Gov and Finance Minister today on TV and they gave confidence that our economy is in much better position to handle the shocks of this world turmoil because of lower inflation, lower oil price, lower fiscal deficit and that is what they are supposed to say.. I dont expect them to say Buy at current levels...8500 is pakka in next 3 months or something similar.

ST
He is predicting global great depression since 2005 but never happened :D
 

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