General Trading Chat

[pareshR]

Global economic turmoil will not hit India: Finance Ministry panel

NEW DELHI: A committee comprising top regulators and secretaries of the finance ministry has urged vigil even as it concluded there was no immediate cause for worry for India from global economic developments and financial volatility.


http://economictimes.indiatimes.com...nance-ministry-panel/articleshow/48906711.cms

 

[XRAY27]

NF HOURLY

 

[nifty trade]

NF HOURLY

Could you please throw more light on your flip chart chart and its basis.

When you said nifty is at a flip point 2 days ago?

 

[Riskyman]

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

S&P 500 US index, am I right?

Yes SPX is shortcode for S&P 500.

 

[TradeJoker]

Today, September 11

 

[XRAY27]

Global economic turmoil will not hit India: Finance Ministry panel

NEW DELHI: A committee comprising top regulators and secretaries of the finance ministry has urged vigil even as it concluded there was no immediate cause for worry for India from global economic developments and financial volatility.


http://economictimes.indiatimes.com...nance-ministry-panel/articleshow/48906711.cms

Below is the statement of P. Chidambaram then finance minister upon market turmoil

"24 January 2008

India will grow at a fast clip of 8.5 percent despite the global financial crisis and may consider interest rate cuts if capital inflows surge, Finance Minister P. Chidambaram said here Thursday in what is seen as a statement aimed at calming the jittery markets.

"India's growth rate is cruising along at 8.5-8.6 percent in the financial year 2007-08. The expectation for the next year is about 8.5 percent," Chidambaram told journalists at the annual meeting of the World Economic Forum (WEF).

After that statement nifty from 5800, it went to low of 2250 level by Oct 2008

Just go with charts and move with flow of the market don't concentrate on this statements

 

[XRAY27]

Could you please throw more light on your flip chart chart and its basis.

When you said nifty is at a flip point 2 days ago?

Explained in that chart itself 2 days ago..this is continuation of that...

Flip area is where market force shift there control,which they have done..

 

[TraderRavi]

gap up opening :
nifty 7833 +45
banknifty 16682 +84

 

[wisp]

Global economic turmoil will not hit India: Finance Ministry panel

NEW DELHI: A committee comprising top regulators and secretaries of the finance ministry has urged vigil even as it concluded there was no immediate cause for worry for India from global economic developments and financial volatility.


http://economictimes.indiatimes.com...nance-ministry-panel/articleshow/48906711.cms

Bitcoin guy says some big event to take place sep 13/15 would that be true? https://www.youtube.com/watch?v=rkELgi6EkNo

 

[wisp]

Just go with charts and move with flow of the market don't concentrate on this statements

So true, but I find it tough to do, but working on it.