General Trading Chat

[rahulmalik]

Anyone know when the Chinese trade data is going to be out?

China's August import slump raises concerns over sharper slowdown

 

[ashu1234]

I have noticed it many times in the recent past. The data for FII and MF investments in the Cash Market is almost opposite of each other on a daily basis. If FII sell stocks worth 500 crores on a day, then MF are buyers of around similar 500 crores amount. And if FII sell stocks worth 2000 crores on a day, then MF are buyers of around similar 2000 crores amount. What could be the reason for such correlation ? I find it really strange.

Could there be some sort of understanding or setting between the different FII and MF through big institutional brokers who might make such equal and opposite figures happen ? If these transactions are done normally in the open market, without prior information to anyone, then such kind of inverse correlation between the FII and MF figures should not exist.

What do you guys think ?

Thanks and regards

FII selling vs Domestic buying has always been the case, but its not something fishy, reason being both have different time period and instruments for buying and selling, i.e what domestic mutual funds buy might get sold 2-3 years later and you'll never know which stock get sold when. Buyers and Sellers are always pitted against each other, its just their logic and time frame to hold is different. One more thing these big institutions also hedge their position in futures and options market so its logical for them what they are doing.

 

[TraderRavi]

one analyst saying banknifty may correct 30 - 35% more , banknifty at 9000/10000

 

[rrrajguru]

1. We are trading near a Vital Support Zone in Nifty.
2. RSI converging in daily time frame.

3. I have observed that 161.8% level has given support many a times

Conclusion: From now onwards one should look for buying opportunities, whenever and wherever it is possible with tight Stop Loss.


Note: This is my personal opinion and observation made for educational purpose.

 

[Riskyman]

one analyst saying banknifty may correct 30 - 35% more , banknifty at 9000/10000

Very much possible. I would not be surprised. BTW, The same analyst some weeks ago said Nifty target was 9100 with stops at 8000.

 

[TraderRavi]

7600 spot not able to cross.

NF broke HOD but reliable only if crosses 7660

 

[lemondew]

:lol::lol:

7600 spot not able to cross.

 

[rrrajguru]

7600 spot not able to cross.

Chalo Ravi Baba ko Nifty Baba ne 7600 De diya.

Abhi Apko 7660 chahiye na? Ok Wait,O bhi milega.

Aj hi chahiye? Chalo aj dene ke liye application forward kar diye.

 

[insursi]

1. We are trading near a Vital Support Zone in Nifty.
2. RSI converging in daily time frame.

3. I have observed that 161.8% level has given support many a times

Conclusion: From now onwards one should look for buying opportunities, whenever and wherever it is possible with tight Stop Loss.


Note: This is my personal opinion and observation made for educational purpose.

Very good observation and prediction since I never used fibonacci in my method but it looks good!!!:clap:

I too feel today could be the bottom for time being since everyday most of my long term portfolio starts the day in green and ends the day with deep red. But today it already started with deep red and recovering now. This is the logic I use and deployed all cash in equities today.

 

[Riskyman]

Whats the buzz with Tata steel? Anyone know? Showing a lot of resilience on bearish days and buzzing 3-4% even if nifty ends up with 30-40 point gain.