General Trading Chat

[rahulmalik]

Haha No clue. My last nite's trade on SPX hit trailing Sl at 1945 this morning and thereafter moved up to 1968 levels which was a 50% retracement of yesterdays fall. Since it failed to clear it, I went short again. here we go down with a lot of red bars. Not sure why/what but something spooking western markets. At the moment dow futures slipped into the red. Looks like long way down if 1930 gets taken on a closing basis. Will know when US opens.

Thank you for sharing the chart. Why do you think our Nifty moved up today , covering almost the entire gap down ?

 

[Riskyman]

Thank you for sharing the chart. Why do you think our Nifty moved up today , covering almost the entire gap down ?

Dude, I wish I knew why it moved it. If i had to guess, i would think it could have been because the US futures were slowly inching up. By our close the dow fut was a good 80-90 points in the green. Or maybe there really was no incremental selling at lower levels. Maybe more short covering??. Im not sure really. Errr.. I dont know the answer to your question.

 

[rahulmalik]

Dude, I wish I knew why it moved it. If i had to guess, i would think it could have been because the US futures were slowly inching up. By our close the dow fut was a good 80-90 points in the green. Or maybe there really was no incremental selling at lower levels. Maybe more short covering??. Im not sure really. Errr.. I dont know the answer to your question.

Haha, Thanks buddy. I was perhaps expecting some technical jargons


Do you see Nifty moving bouncing to 8100 levels without US markets supporting so ?

I have rarely tracked international markets in conjunction with Nifty. Since you have the relevant experience, just curious to see your opinion.

 

[TraderRavi]

Thank you for sharing the chart. Why do you think our Nifty moved up today , covering almost the entire gap down ?

there was some talk of rate cut by Arvind Panagariya, Vice Chairman, NITI Aayog.

Read more at: http://www.moneycontrol.com/news/ec...anagariya_3006861.html?utm_source=ref_article

 

[Somatung]

Haha, Thanks buddy. I was perhaps expecting some technical jargons


Do you see Nifty moving bouncing to 8100 levels without US markets supporting so ?

I have rarely tracked international markets in conjunction with Nifty. Since you have the relevant experience, just curious to see your opinion.

Here one of the most simplest ways to do so with Dow, Nasdaq and S&P500 against Nifty. Not the super tool to know the best, but enough to get a basic idea about what could may going on at the moment in those markets when compared:

Source: Yahoo Finance

 

[Riskyman]

Haha, Thanks buddy. I was perhaps expecting some technical jargons

Do you see Nifty moving bouncing to 8100 levels without US markets supporting so ?

I have rarely tracked international markets in conjunction with Nifty. Since you have the relevant experience, just curious to see your opinion.

Im non an expert on all these things but will share my trader thoughts

Yes possible If RBI announces 50 basis point cut, Land bill/GST bill all get passed in the blink of an eye. Ya anything is possible. Will it happen? I dont think in the next few days at least.
( Landbill/GST only in the winter session of parliament)

At the moment,all the halla bulla is due to the probable US rate hike apart from seemingly bad macros including falling commodity prices etc. Also the the big worry has been china slowing down dramatically. So any action in the US stock markets will be mimicked here and elsewhere in the world. Think stock markets will wait for 17th sept when the FED meets. Until then can expect choppy sessions mostly. Even as i type this the SPX is chopping around. Up 0.7% and then down to zero, now up a bit. Can be a traders nightmare.

 

[stockBond]

Im non an expert on all these things but will share my trader thoughts

Yes possible If RBI announces 50 basis point cut, Land bill/GST bill all get passed in the blink of an eye. Ya anything is possible. Will it happen? I dont think in the next few days at least.
( Landbill/GST only in the winter session of parliament)

At the moment,all the halla bulla is due to the probable US rate hike apart from seemingly bad macros including falling commodity prices etc. Also the the big worry has been china slowing down dramatically. So any action in the US stock markets will be mimicked here and elsewhere in the world. Think stock markets will wait for 17th sept when the FED meets. Until then can expect choppy sessions mostly. Even as i type this the SPX is chopping around. Up 0.7% and then down to zero, now up a bit. Can be a traders nightmare.

What is SPX ? Since trading at night is it on MCX/NCDEX ?

 

[XRAY27]

Max Pain

Nifty:7900 Bank Nifty:16500

Max OI

Bank Nifty

18000 CE 5,92,700.00
15000 PE 4,88,000.00

Nifty

Max OI

8,500.00 CE 4,259,850.00
7,200.00 PE 4,307,150.00

 

[blackberry]

What is SPX ? Since trading at night is it on MCX/NCDEX ?

S&P 500 US index, am I right?

 

[pareshR]

Good Morning