General Trading Chat

[mudraatrader]

it will be interesting to see eod,
who is trapping whom :lol:

 

[vikas2131]

banks to hare bhare lag rahe ha aaj

 

[XRAY27]

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[vas2009]

yes, most of the earlier rate cuts were used by the banks for their own benefits.

I agree I have a floating home loan taken at the peak of inflation.While Mr Rajan has cut 150bps till that time my bank the biggest private one has cut a paltry 65bps.Other so called efficient private banks have also cut in the same range.What can one say.
For new loans it is 20bps lower than my rate.If one counters that for new loans it is lower than new loans are cheaper by a paltry 85bps compared to a 150bps a woeful 56% transmission.Rate cuts from here on will anly balloon Pvt and PSU banks balance sheets.As banks are already enjoying a demand pick up there is hardly any need for them to cut rates.Plus Banks have to compete with small savings and PPF rates which are quite high.

 

[mudraatrader]

SGX Nifty (Jun 6) 8,262.50 +28.00
High so far 8274

 

[XRAY27]

 

[vikas2131]

Seems like everybody is waiting for rbi decision...

 

[Smart_trade]

Everybody waiting for breakout/breakdown of the range. As everyone is expecting a breakout/breakdown, market will spend some more time in the range.

Smart_trade

 

[amitrandive]

How to tackle anxiety when you trade

 

[LoneWolf]

Everybody waiting for breakout/breakdown of the range. As everyone is expecting a breakout/breakdown, market will spend some more time in the range.

Smart_trade

On friday most were expecting a uptrend day above 8250 after a breakout from 8225-175 range. But market stayed in range to slightly bearish. Its not new that market does something when it is least expected. And when its widely expected, market does the opposite.

But then question is - its we as traders create our view and thus our resulting order flow (supply vs demand) moves the price. So most are aligned in one particular direction lets say bullish its obvious will create a bullish order flow.. Then how come market does not move in that direction. Who is creating a much stronger supply zone which is absorbing the majoritarian of bullish demand ??