General Trading Chat

Broker View - 10 March - SK: up, Angel: up, Motilal: up (All referring to same target levels)

BOJ - Not reducing rates next week

ECB - If ECB reduces rates and more significantly - increases QE - then expect RBI not to proceed with rate cut - to tackle liquidity

Inflation figures expected to stay stangnant to minor upinch - and add to the lack of clarity on govt funding on OROP & 7th pay commission in budget figures and their impact on fiscal target of 3.5% - The probability of RBI rate cuts is - 25% to 50%
I am looking at that gap in Banknifty. A reversal to mean will result in gap filling.

 
What is the significance of open=high. I see you refering to it often..Does is it some how signify the direction.
It can mean a serious downside. Similarly open=low can mean a serious upside. Not a rule though.

Edit : Today rcom has open = high in both spot and futures.
 

Similar threads