General Trading Chat

[niftygupshup]

Today

BN and BNF formed NR7

NF formed NR7 but NS missed NR7 by a few points
But NF and NS formed NR7 with IB on weekly TF

Now deduce your own conclusions

Quite a few banking stocks has formed NR7 on Thursday
But ICICIBANK and HDFCBANK formed NR7 on Friday.

 

[Smart_trade]

Urjit Patel to be the new RBI Gov...old RBI hand who knows RBI and Finmin pretty well...market should welcome it.

Smart_trade

 

[niftygupshup]

Urjit Patel to be the new RBI Gov...old RBI hand who knows RBI and Finmin pretty well...market should welcome it.

Smart_trade

Thanks
A news I was waiting for since last 3-4 days.

 

[Punter786]

Urjit Patel to be the new RBI Gov...old RBI hand who knows RBI and Finmin pretty well...market should welcome it.

Smart_trade

Not sure. He too is a inflation hawk I guess so bulls should say bye-bye to rate cuts!

 

[Smart_trade]

http://www.tradingwithrayner.com/secret-strategy/

2 good videos.Many concepts like law of large numbers,edge in the system,different types of trends are known but it was good to view it again.

Smart_trade

 

[Smart_trade]

Not sure. He too is a inflation hawk I guess so bulls should say bye-bye to rate hike!

He is a inflation hawk but in short term growth may take upper hand over inflation management,but in long term inflation management is much more important to a Govt which is in the second half of its term so in long term objectives of RBI and GOVT will converge....but we may see growth too in a front seat ( though not in driver's seat by RBI.) for about a year or so without affecting inflation management too much.

Smart_trade

 

[lemondew]

As per this video we are in a weak uptrend last 1 month in daily. But strong sideways trend. He hasnt mentioned about sideways

http://www.tradingwithrayner.com/secret-strategy/

2 good videos.Many concepts like law of large numbers,edge in the system,different types of trends are known but it was good to view it again.

Smart_trade

 

[vivektrader]

As per this video we are in a weak uptrend last 1 month in daily. But strong sideways trend. He hasnt mentioned about sideways

Hi
Lemondew,
what do you imply by strong sideways trend. I thought sideways meant no definite trend. Can you elaborate?

 

[vagar11]

Not sure. He too is a inflation hawk I guess so bulls should say bye-bye to rate cuts!

It is the job of RBI to apply the brakes to avoid accident and govt job is to press accelerator for growth.

 

[wisp]

+Turnover started turning me over again today when I realised STT calculation is based on turnover and in futures it means I would have easily crossed the 1 Cr mark. Zerodha though helped me out and here's the part that clears it once and for all I think D)

One article of great help though is the guidance note on tax audit under Section 44AB by ICAI (Institute of Chartered accountants of India, the governing body for CA’s). The article on Page 23, Section 5.12 of this guidance note ( http://www.caalley.com/gn/30357dtc19988.pdf ) has a guideline on how turnover can be calculated. It says:

.......
Non-speculative transactions (Futures and options)

For all non-speculative transactions, the article says that turnover to be determined as follows –

The total of favorable and unfavorable differences shall be taken as turnover
Premium received on sale of options is also to be included in turnover
In respect of any reverse trades entered, the difference thereon should also form part of the turnover.
......]

Source: http://zerodha.com/varsity/chapter/turnover-balance-sheet-and-pl/

Please also check that pdf referred to http://www.caalley.com/gn/30357dtc19988.pdf