General Trading Chat

[pratapvb]

yes 60ama + daily ama view

I change when both colors change ...that is 60ama has failed and daily ama band has been penetrated...

the previous two times 60ama failed daily ama had still not been penetrated

 

[timepass]

All of Banknifty is negative

INR is stronger. So it must be the Mallaya effect.

 

[TraderRavi]

how ECB rate decision affects nifty and gold , crude oil commodities.
bullish or bearish.

 

[Fundootrader]

how ECB rate decision affects nifty and gold , crude oil commodities.
bullish or bearish.

ECB decision impacts Euro - Further QE = Weak Euro

Weak Euro = Strong Dollar

Strong Dollar = Weak Gold + Weak Crude

Weak Crude = Weakness in US Markets

Also, QE Europe + -ve interest rates = Strong Possibility of funds flow to emerging markets - where India is key beneficiary - both for bonds and equity

Funds flow -- Liquidity issue ==> Inflation ==> Lowers possibility of rate cut by RBI ==> - ve for indian markets in short term (But positive for a day or two time frame due to euphoria)

 

[pratapvb]

clear intraday DT on 5min ama (golden) + 15min ama

 

[arsh22g]

Stuck at 200EMA on 5-min, trend is down though

....and at 20 EMA on hourly

 

[TradeJoker]

All of Banknifty is negative

INR is stronger. So it must be the Mallaya effect.

Soon all banks will show green, there's a rumor, mallya told all banks, share equally his MP salary and allowance every month, he also said if the money is not enough for his debt, ask government to increase MPs salary :rofl:

 

[Fundootrader]

Heavy Call Writing happening @ 7500,7600,7700 Level - Sideways to Down is the move for now - Pu'ts still being assembled - no clear signal on level - except the 7400 Levels which have intraday positions being stacked

 

[wisp]

clear intraday DT on 5min ama (golden) + 15min ama

Sir, do you use 1min to trade nifty? nice..do you always trade with 1min?

 

[Fundootrader]

NF moved back in discount of 10 points since morning

Options Data stacked up for the move