General Trading Chat

[Smart_trade]

Bulls and bears both have very convincing arguments about where the market should be and the reasons for it. We are traders and we will do much better if we prepare ourselves as to what we are going to do if the market goes to 7500 or at 9500...how are we going to capitalise and make money.

No point in getting too attached to our view and calling names to the other side.

Smart_trade

 

[vikas2131]

Its not my word.. Read my post.. I am no economics or cement industry expert...So I just quoted what I heard from him..

There has to be some correleation..but I dont know what it is..

Maybe he is right but untill we know the sound logic...we dnt know the actual growth of country..

 

[Smart_trade]

Having traded a few bulls and bear markets I can definitely say that we are not yet in bubble territory....in that phase nifty will go up 200 points every day for many days...we may have corrections or rallies and markets always go to illogical valuations both up and down...that is the nature of equity markets....

ST

 

[TracerBullet]

You are free to have your view, I'm free to have mine. At 8500 it is reflecting maniac bullish and rich valuations. Nifty at 9k, unless supported by earnings, will be in frothy zone IMO.

It could be expensive, it may need correction etc etc, but its not a bubble. 2000 was a bubble, 2007 was a bubble. In a bubble you have strong numbers and even stronger future projections of those numbers. Anyway, read the blog post, its nice. For traders, it does not matter as much and we can make money either side.

moditard, pakis etc

hehe, people can get emotional in no time. No need to get too worked up, take a break and enjoy weekend.

 

[deba72]

Actually absolute price means nothing.. its how the buyers and sellers perceive the prices...thats what is more important.. same set of news and data bring out different market reactions depending on the sentiments prevailing..

 

[Smart_trade]

Both sides cool down....don't get personal...

ST

 

[Smart_trade]

Locking the thread for next 30 min....chai nashta break.....

ST

 

[Smart_trade]

Thread opened for constructive discussions....all irrelevant posts deleted.

ST

 

[DSM]

Federal Reserve chief Janet Yellen says the "case" for an interest rate hike has "strengthened in recent months." Huge volatility in precious metals. DOW however has taken the news in the stride. Trading .57%+

 

[Punter786]

Yo Janet babe well done . Now can anyone explain to me why the Dow is up? Or is it planning to sink in the second half!

Bond yields are also up btw.