General Trading Chat

[mudraatrader]

lagta hai bahut sari short position trapped ho gaya hai.. market ab jaldi 7600ke niche girega nahi..IMO..

Very rightly said bro.
But many of them are still holding their shorts (despite big losses), as VWAP gap didnt show its effect this afternoon. May be tomorrow they will cover their shorts and market will see a short covering rally.

 

[timepass]

I still am not sure of the reasons for today's reversal. Why did that happen ? Skymet's weather prediction about a better monsoon ?

 

[vagar11]

 

[PS Trader]

I still am not sure of the reasons for today's reversal. Why did that happen ? Skymet's weather prediction about a better monsoon ?

Actually it is widely expected one from 7500-50 range. Expectation is because of the 17th OPEC-NONOPEC meeting. Expectation is wide range one beyond 8000.

 

[deba72]

Doesn't matter 'why' it happens as long as it 'happens'...

 

[iwillwin]

I still am not sure of the reasons for today's reversal. Why did that happen ? Skymet's weather prediction about a better monsoon ?

TP...yes it appears like they had the news before hand...also BOJ rate cut further also was news... We can't have or afford such news before the news is aired...so have to get trapped or stopped out

 

[vikas2131]

Actually it is widely expected one from 7500-50 range. Expectation is because of the 17th OPEC-NONOPEC meeting. Expectation is wide range one beyond 8000.

Nothing will happen in meeting...Russia is pumping more so is iraq..Iran is raising its crude level to pre sanction so wont cut back and saudi refuses to do anything untill iran is included..

 

[mudraatrader]

Bhai logon, if you get the reason, then do post it for others also.
But NIFTY Fridays EOD chart was clearly indicating for an upmove and if happens then for a big upmove.

Saw a snakoba after a long time.

 

[XRAY27]

_____________________________________ Mark Douglas-Trading in the Zone______________________________________


“If there is such a thing as a secret to the nature of trading, this is it: At the very core of one’s ability

1) To trade without fear or overconfidence,

2) Perceive what the market is offering from its perspective,

3) Stay completely focused in the “now moment opportunity flow,” and

4) Spontaneously enter the “zone,” it is a strong virtually unshakable belief in an uncertain outcome with an edge in your favor.”

 

[timepass]

But NIFTY Fridays EOD chart was clearly indicating for an upmove and if happens then for a big upmove.

What's with Friday's EOD chart ? Wasn't a clear pattern at that time