General Trading Chat

[Fundootrader]

The +ve momentum in CE's and weakness in PE's momentum indicating strong upmove expected - whether that happens post a pullback to 7550 level - thats to be seen

 

[vikas2131]

You mean this :

Looks similar to NF.

he is talking about S&P not SGX

 

[Fundootrader]

wont happen... annual consumer price inflation edged up for a fifth consecutive month to 5.61 per cent in December from a year earlier

but thats not only factor - fiscal deficit and weekness in global markets also can have play

 

[iwillwin]

Raghuram rajan may want to observe budget before reducing rates...
Cpi is on rise as most of crude benefits are taken by govt

 

[mittens]

he is talking about S&P not SGX

Oh!! Sorry. I got it wrong.

But then S&P 500 is also not all over the place.

 

[timepass]

But there is some good news on the manufacturing front.

http://profit.ndtv.com/news/economi...to-growth-in-january-on-strong-demand-1272242

This is positive for interest rates, if the news itself isn't manufactured.

 

[blackberry]

What time is it - post trading hours or during trading hours.

If any surprise cut - 25 bps - then we will see lovely rally

sharp at 11:00 hours

 

[arsh22g]

Oh!! Sorry. I got it wrong.

But then S&P 500 is also not all over the place.

In the shorter TF (5 min), SPX moved ~8 points which ideally (based on observations over past couple of weeks) should translate to ~30 points move in NF, but the moved was <10 points.
I am talking about the move in SPX from 10:10 AM onward.

 

[mittens]

In the shorter TF (5 min), SPX moved ~8 points which ideally (based on observations over past couple of weeks) should translate to ~30 points move in NF, but the moved was <10 points.
I am talking about the move in SPX from 10:10 AM onward.

Ok. Thanks.

 

[vikas2131]

but thats not only factor - fiscal deficit and weekness in global markets also can have play

With elections coming around in five states...Inflation is more important than anything else...