General Trading Chat

[vikas2131]

because we are not directly related, only indirectly related with EU

that and our economy is doing better too

 

[vikas2131]

......................................................

 

[mudraatrader]

problem solved..thank you

what was the problem there

 

[pravi_kanth]

From past 1-2 weeks when Europe was moving wildly nifty was just calm. Last week Europe surged based on online polls but nifty was closing with minor changes except yesterday. I feel nifty was not majorly impacted otherwise it would have fallen around 5pc. Monday opening will be interesting.

 

[Pradeep Narayan]

Bajaj Finance is one of the fastest growing company in India and one of the most profitable one. It is making new highs continuously and I am of the view that it will go up much higher. It will benefit from the people spending more, buying goods on credit etc.

Smart_trade

FYI... There is a good 1:3 trade even at these levels (on swing set-up). Very good stock.

 

[timepass]

I was anticipating a close at 8150 and 17500 for NF and BNF
but it is closing even below the 3.10 pm price

wait and see how US market react..Our market has done very well as compared to other markets which are down 6-7 %

I guess the bears will try for one more push below 8000. This is too big an event to let go. Even today nifty has closed around the previous support of 8070.

 

[vikas2131]

Italy is going to Launch EU Referendum Campaign now...seems like rest of the year wont good for bulls...

 

[lemondew]

St da,

Swing position for now. Would we have wild swings either sides going forward

If you are asking from investment point, then every 125-150 points dip in Nifty is a place to buy. For trading no positions till Brexit issue is decided as RR is not very good.

Smart_trade

 

[mudraatrader]

I guess the bears will try for one more push below 8000. This is too big an event to let go. Even today nifty has closed around the previous support of 8070.

No, I beg to differ

I am anticipating for a big island reversal on Monday. We have factored this issue more than it should be. The issue is hyped more by international and national media.

Only negative to above, if US markets fall (and closed) more than -3% levels.

Yeh BREXIT ka din to aana hi tha, ek na ek din and this issue was hanging for last few months.

 

[Smart_trade]

St da,

Swing position for now. Would we have wild swings either sides going forward

I am staying away from swing trades till the normalcy returns to the markets.Up or down is no issue but volatility based on world news is not good for keeping positions overnight.I do not think the poison is out of the system and till then doing daytrading.

There will be enough time for swing trading once normalcy returns.Safety for me is more important than being brave.

Smart_trade