General Trading Chat

[Vipul_84]

Thanks Sir, back-testing is like an addiction. Surely I wont get caught in that. :thumb:

5-6 months or max 1 year ok for intraday on smaller timeframes that is enough I think. I know few guys who have been only backtesting for last 10 years, but never got courage to take a real trade...dont let that happen to you.

Smart_trade

 

[mudraatrader]

In April end, Banknifty (spot) had struggled with 17000, now it seems to be struggling with 16900. PSU banks in a decline, the index may lose strength because of this.

This time BNS is struggling to cross 16950 and not 16900.
Lets wait and see what happens when BNS again reaches 16950.

 

[rrrajguru]

Today is perfect SL day for me. Neither long trades giving money nor short trades.

 

[ap*]

I feel there are very low volumes in the market today. Most of the moves happened in the morning. Now its just a sideways grind. Tough to trade also when markets are like this for smaller traders.

 

[timepass]

This time BNS is struggling to cross 16950 and not 16900.
Lets wait and see what happens when BNS again reaches 16950.

The bears who went short earlier at 17000 will be in action again, I guess.

 

[Blackhole]

WHATSAPP forwards

*RULE 72:* Simple, handy and useful.

In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money..
Eg: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus it will take 8 years to double your money if you invest at 9% p.a. rate of interest.

*INTEREST:*

We can use this rule in reverse to know the rate of interest needed to double your money to achieve your set goal.
Eg: If you have 2.5 lakhs today and you need 5lakh in 5 years. Just divide the number 72 by 5, the answer is 14.41%. Thus you need a type of investment avenue, where you earn at least 14.41% p.a. as rate of interest/returns to double your investment amount in 5 years.

*INFLATION:*

This 'Rule 72' helps you to understand about inflation also. It helps you to calculate the amount of time it will take for inflation to make the real value of money half. Let's say present inflation is 5.5%. When you divide 72 by 5.5% the answer is 13.09 years. That is to say, if you have 1 lakh in your kitty today, it would take around 13.09 years for the value of the money to be halved..

Hope it helps you in your day to day investments and other finance related activities.

 

[mudraatrader]

The bears who went short earlier at 17000 will be in action again, I guess.

OR
If still difficult to cross these numbers, may be market apply its old trick to cross BNS and BNF difficult to cross levels

 

[timepass]

OR
If still difficult to cross these numbers, may be market apply its old trick to cross BNS and BNF difficult to cross levels

Or maybe everything is waiting for tomorrow when a lot of PSU banks declare their results.

http://www.moneycontrol.com/earnings/

Edit : Plz notice that the premium on BNF is down to only 40-45 pts.

.

 

[ap*]

Or maybe everything is waiting for tomorrow when a lot of PSU banks declare their results.

http://www.moneycontrol.com/earnings/

Edit : Plz notice that the premium on BNF is down to only 40-45 pts.

.

Tomorrow results of quite a few psu banks. Plus gann date. Can expect a wrb in bank nifty. Futures either at 17300 or at 16500. Today was supposed to be BN gann date but looks like itl be so tomorrow.

 

[mudraatrader]

BNF just need a spike