General Trading Chat

rahulmalik

You only lose what you cling to.
hmm.. a lot of buying today..



But both nifty and banknifty haven't touched their 3emas today.

Also, today the futures changed from discount to premium. Looks like the quarter ending will be positive.
Surprisingly high volume by FIIs in cash market. Don't understand the reason behind it. Was it to keep the stocks pepped up ? I some how feel we might make a new low next week. Let's see !
 

lemondew

Well-Known Member
My system gave me only 10 mins to go long. Signal at 10:00. I jumped in long at 8027 at 10:20. Didnt get 40 points. Waited to see it comeback to my buying price and scratch trade :)

Good lesson for me may be I should leave the train which has left the platform. Cant reduce my target as I cant afford to have smaller SL.

 
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natjay

Well-Known Member
Today was a classic example of sentiment trading.

Markets had been primed and nervous for weeks about the Fed rate hike, and when the decision to keep rates unchanged was finally announced, it led to a huge "relief rally" that we saw today. I think this will be temporary.

With rates likely to edge up in December, all future rallies (and corrections) will come with a note of caution. It's not just Fed weighing in on the markets. We have uncertainty about the China situation, earnings growth locally, monsoon issues and the Bihar election. All of these -- and more -- will be discussed (and traded) over the next 3 months.
 

ashu1234

Well-Known Member
Today was a classic example of sentiment trading.

Markets had been primed and nervous for weeks about the Fed rate hike, and when the decision to keep rates unchanged was finally announced, it led to a huge "relief rally" that we saw today. I think this will be temporary.

With rates likely to edge up in December, all future rallies (and corrections) will come with a note of caution. It's not just Fed weighing in on the markets. We have uncertainty about the China situation, earnings growth locally, monsoon issues and the Bihar election. All of these -- and more -- will be discussed (and traded) over the next 3 months.
Fed next meet is scheduled on 29th Oct. Truly anything can hit the market. Market will discount everything in due course, lets see.:thumb:
 

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