General Trading Chat

[Punter786]

Fed chairman to speak tomorrow and bulls running for cover already! Bears se dar gaye kya? Hope Janet signals clearly that she is about to close the liquidity tap and the end of unprecedented insanity of 8 yrs to a close.

 

[Punter786]

The joy of making money while shorting is orgasmic.

 

[deba72]

Dare bulls to try close Nifty above 8600

Bulls make money, bears make money.. only pigs get slaughtered.. :lol:

 

[vagar11]

The joy of making money while shorting is orgasmic.

For me, making money is orgasmic whether I am short or long. F***ing Dopamine.

 

[Punter786]

So closing was well below 8600. Question is where from hereon?

This lad is talking about two hikes?! http://www.cnbc.com/2016/08/25/ther...year-and-everyone-could-benefit-wittmann.html

I think that will be enough to put Nifty at "realistic" valuation.

If monsoon earning and our economic data turn out to be a dud then all hell will break loose.

 

[Smart_trade]

I have shortsold 8400 Puts Sept series at over 52...let us see how it goes..

Smart_trade

 

[timepass]

There's been a lot of discussion/comments about the new RBI governor, most of them in favor of Urjit Patel.

My take is - soon his background etc. won't matter, nor will the papers/reports that he has written. What will eventually matter is how much of his own man he is. He certainly is not cast in "My name is Raghuram Rajan and I do what I do" mould. A lot of pressure comes with post, not the least the political pressure.

Nirmala Sitharaman wants 2% RBI rate cut: Why PM Modi’s minister is asking for the moon

Let's see how it pans over the next year or so. If things go wrong, I am sure that Rajan's policies will be blamed

 

[Punter786]

There's been a lot of discussion/comments about the new RBI governor, most of them in favor of Urjit Patel.

My take is - soon his background etc. won't matter, nor will the papers/reports that he has written. What will eventually matter is how much of his own man he is. He certainly is not cast in "My name is Raghuram Rajan and I do what I do" mould. A lot of pressure comes with post, not the least the political pressure.

Nirmala Sitharaman wants 2% RBI rate cut: Why PM Modi’s minister is asking for the moon

Let's see how it pans over the next year or so. If things go wrong, I am sure that Rajan's policies will be blamed

Urijit has been selected only cuz of his low profile. Methinks he is gonna be Manmohan Singh of RBI. Mauni baba come what happpen. Don't ever expect any interview from him.

 

[Punter786]

I have shortsold 8400 Puts Sept series at over 52...let us see how it goes..

Smart_trade

Da, Nifty likely to hold 8500 in Sep?

 

[Smart_trade]

Da, Nifty likely to hold 8500 in Sep?

I do not know the answer for that but as long as nifty does not crack 8550,the possibility of upward breakout remains as trend is still bullish...

If 8550 gets cracked, we will assess the trend that time.

ST