General Trading Chat

[traderniftybank]

So praveen bhai, you got your 7474.
Now no more downside for the day once above 7500, I feel
IMO, NF is now turning for above 7500

NF not able to sustain above 7500
Now if NF breaks 7474 again, then it wont be good for bulls health
(Though still feel that NF will cross above 7500 decisively)

 

[timepass]

NF not able to sustain above 7500
Now if NF breaks 7474 again, then it wont be good for bulls health
(Though still feel that NF will cross above 7500 decisively)

This whole sideways thing looks like a sort of bear trap.

 

[timepass]

Crompton had a seriously bad day. 70% down Wonder if this is a good opportunity for the traders.

http://profit.ndtv.com/news/budget/article-crompton-greaves-shares-tank-73-ex-demerger-1287253

 

[Smart_trade]

Crompton had a seriously bad day. 70% down Wonder if this is a good opportunity for the traders.

http://profit.ndtv.com/news/budget/article-crompton-greaves-shares-tank-73-ex-demerger-1287253

Stock is splitting into two separate businesses.Today was ex split date,that is why down.

ST

 

[manish9300]

This whole sideways thing looks like a sort of bear trap.

Depends on one's point of view.Major Move wise out of last 6 days 5 were down and only 1 up.so could be a bull trap as well.

 

[timepass]

Stock is splitting into two separate businesses.Today was ex split date,that is why down.

ST

Yes, the news article said that. Now if someone bought it at 150, what is his holding price ex-split ? I really must have missed the updates on this scrip.

Also, ex-split, is the lot size still 3000 and expected to remain the same ? It would be strange to have a contract size of Rs. 1.25 lakhs.

 

[wisp]

This whole sideways thing looks like a sort of bear trap.

We are at a strong resistance area, of course market can overcome the resistance or vice versa

 

[timepass]

We are at a strong resistance area, of course market can overcome the resistance or vice versa

Yes wisp, I did mention somewhere in this thread that 7540 was the previous floor which took nifty many months to break. Now that floor becomes kind of a ceiling. Nifty may spike through, but find breaking it tough.

If it wasn't March, I would go with the bears here. But too many events and budget session on. Anything can happen.

PS : Arre bhai, I am a slow guy, I am just turning bullish after such a long time. Maybe my bias doesn't want to hear bearishness

 

[TracerBullet]

Yes, the news article said that. Now if someone bought it at 150, what is his holding price ex-split ?

As i understand, post demerger, the buying price will be split into individual stocks. Ratio is sent by company, other stocks will get listed after some time.

 

[vivektrader]

Seniors, please advise, what timeframe should be used to define credible intraday support and resistance.