General Trading Chat

[hames]

4 hour candle formed "long" candle in FTSE and near previous low in NASDAQ and Nikkei. Exited swing shorts and went long nifty 7200.

 

[Smart_trade]

why is it so ?? did ya punch 500 cr order for nifty ??

No not 500 Cr but I was booking profits and posted in TJ also in the morning ....every fall looking for profit taking....

At 7200 I will never buy in expectation of a rally but at 7200 if there is a possibility of a rally and my short position is making good profits, then it is a short covering opportunity.

Level of 7200 is same but viewing from two different angles.

Smart_trade

 

[vikas2131]

DB has the word "Deutsche" attached to it for a reason. German government / Germany will not let it happen.

i know that..that is why i said might.. though never say never

 

[vikas2131]

No not 500 Cr but I was booking profits and posted in TJ also in the morning ....every fall looking for profit taking....

At 7200 I will never bur in expectation of a rally but at 7200 if there is a possibility of a rally and my short position is making good profits, then it is a short covering opportunity.

Level of 7200 is same but viewing from two different angles.

Smart_trade

there will be gap up tomorrow for sure...going long ???

 

[cinderblock]

i know that..that is why i said might.. though never say never

Germany will NEVER let DB fail. Same reason why US will never let BOA fail and India not let SBI fail.

 

[amitrandive]

Bad loans push three govt banks into red
http://epaperbeta.timesofindia.com/...push-three-govt-banks-into-red-10022016001039

Three state-run lenders * Central Bank of India, Dena Bank and Allahabad Bank * reported massive losses on Tuesday , while Punjab National Bank narrowly missed slipping into the red as the growing pile of stressed loans took a toll on their health, raising concerns over the ability of banks to finance projects, spur private investment and the precarious state of the financial sector.

Pathetic display by PSU's today, 8 stocks hitting 52 Week lows

 

[mittens]

i know that..that is why i said might.. though never say never

Has happened before in Germany, but the conditions were different.
Link

 

[Smart_trade]

there will be gap up tomorrow for sure...going long ???

No signal yet to go long....I am SOH

ST

 

[cinderblock]

Has happened before in Germany, but the conditions were different.
Link

DB has survived WWI WWII and hyperinflation

 

[arsh22g]

DB might become the next lehman brothers if things continue same way for more time..

DB has the word "Deutsche" attached to it for a reason. German government / Germany will not let it happen.

Talking sementics eh...till yesterday, DB had a market cap of EUR 18bn, India's Kotak Mahindra had EUR 16bn. Former is 140 years old, latter hardly 14.

German economy is not able to generate jobs, so Angela Merkel is facing a dissident population. If DB is bailed out, the political risk might increase if parallels are drawn to the bailout of US banks in 2008. On the contrary, bailout might be necessary to stop a system collapse. Either way, effect will be negative on German economy as a whole, as system collapse will lead to credit crunch and a bailout will affect the fiscal spending.