General Trading Chat

[traderniftybank]

ECB cuts deposit rates to -0.4% and increases bond purchase program - TV News.

More liquidity in the market, eulope iz gleen gleen.

Amreeka bhi gleen honge

eulope bhi gleen gleen
amleeka bhi gleen gleen
sgx bhi gleen gleen

to nifty kyon na hoga gleen gleen
baki kal dekh lenge

 

[vijkris]

eulope bhi gleen gleen
amleeka bhi gleen gleen
sgx bhi gleen gleen

to nifty kyon na hoga gleen gleen
baki kal dekh lenge

evelything looks gleen , thanks to tp Bhai,
hope account also becomes gleen

 

[traderniftybank]

Today I was looking for BNF for 15333 but it reverted from 15325, never mind, hota hai, hota hai :lol:
Now I will look for BNF 15400/425 and NF 7555

 

[euclid]

Negative interest rates for deposits.....

People may still want to deposit so they can have "a guaranteed loss" rather than keep the money and seeing it getting devalued far more....

Doesn't say much for the economy of the country....

Stock market cheering zero interest rate........Economy & stock market are inversely proportional.... ?

 

[timepass]

Here's one for candlestick pattern readers :

Unionbank (spot) daily : Will this count as an Engulfing Bear ??

 

[TracerBullet]

ST Da,
Is the red circle high a minor pivot high?

My attempt -
ST Style pivot Low needs Higher Close and Higher High. There doesn't seem to be Higher Close here - So aggressive pivot at best. And even so, these are weak sideways bars after fall.

 

[arsh22g]

Looks like the knee-jerk reaction on stimulus announcement has been digested, markets returning to normal.

 

[vikas2131]

Looks like the knee-jerk reaction on stimulus announcement has been digested, markets returning to normal.

Look at the bigger picture ..Negative interest rate and more QE shows desperation of europe more than anything ..This reaction to stimulus was never supposed to stay for than a day or two (remember japan nirp)..This actually shows Central banks have lost control and this outright stealing from people by negative interest rate and ponzi market , they have been maintaining...is going down...I am quite sure now..nifty wont be ending 2016 above 7000..

 

[DSM]

Euclid,

This is a common but wrong interpretation of Negative Interest Rates Policy(NIPR). It is not that the customer is charged interest on the money deposited with the bank.... rather, it is when banks park their excess funds with central banks that they are charged interest by the central banks - This is done to encourage banks to lend money to business.....

It's not the ideal way to boost the economy, but we are living in unusual and turbulent times.....

Negative interest rates for deposits.....

People may still want to deposit so they can have "a guaranteed loss" rather than keep the money and seeing it getting devalued far more....

Doesn't say much for the economy of the country....

Stock market cheering zero interest rate........Economy & stock market are inversely proportional.... ?

 

[traderniftybank]

Here's one for candlestick pattern readers :

Unionbank (spot) daily : Will this count as an Engulfing Bear ??

IMO, this does not qualify for bearish engulfing pattern.
Neither body nor whole of candle is engulfed by the preceding candle.