General Trading Chat

[Subhadip]

April CPI rises to 5.39%; IIP for March at 0.1%

Retail inflation, as measured by the consumer price index (CPI) for April came in at 5.39 percent, while industrial output, measured by index of industrial production (IIP), fell to 0.1 percent.

Read more at: http://www.moneycontrol.com/news/economy/april-cpi-rises-to-539-iip-for-march-at-01_6640461.html

Is it good or bad.

 

[Subhadip]

Why SGX is down 50 points?

Any reason

 

[XRAY27]

Is it good or bad.

Why SGX is down 50 points?

Any reason

Inflation is on rise !! and may be SGX is reacting to that !!!

 

[Smart_trade]

Why SGX is down 50 points?

Any reason

Dow Fut which was 70-80 points up when we closed ,is 55 points down now....

Smart_trade

 

[Subhadip]

Inflation is on rise !! and may be SGX is reacting to that !!!

Dow Fut which was 70-80 points up when we closed ,is 55 points down now....

Smart_trade

Ok got it.

 

[Subhadip]

Getting day by day difficult to hold over night position due to different market interference.

:annoyed:

 

[Smart_trade]

Getting day by day difficult to hold over night position due to different market interference.

:annoyed:

These up and down moves will come...but if the market did not crack yesterday much below 7800 means it has still some unfinished business on the upside.

Smart_trade

 

[Subhadip]

These up and down moves will come...but if the market did not crack yesterday much below 7800 means it has still some unfinished business on the upside.

Smart_trade

7937 to 7945 is huge resistance. Let's see how it behaves.

 

[timepass]

These up and down moves will come...but if the market did not crack yesterday much below 7800 means it has still some unfinished business on the upside.

Smart_trade

I think that it also has some unfinished business on the downside, below 7800. Everything is looking overbought at present, IMO. Not enough triggers. The Mauritius treaty and now the Bankruptcy bill have kept it propped up. But tomorrow the banks' results will show their hand.

BTW, Bank of Maharashtra's results are not encouraging.

http://profit.ndtv.com/news/earning...rashtra-books-rs-120-crore-loss-in-q4-1405658

.

 

[XRAY27]

Getting day by day difficult to hold over night position due to different market interference.

:annoyed:

Subhadip bhai

There is no position in swing, but holding positional long entered on 9th May(Based on EOD charts) with TSL @ 7820 Spot for tomorrow..

these are routine things ,just we have to go with the setup !!!