General Trading Chat

[Happy_Singh]

Damage control words :lol:

Arun Jaitley rejects rumours about hike in capital gains tax; says interpretation of PM's speech absolutely erroneous

check this link

Maybe Jaitley does not know it yet


Happy

 

[cinderblock]

The present government should not commit the mistake of equating "common man" with "Markets".

Common man may not have a choice but to accept the government's decision as is. BUT the markets are very well capable of not only wagging the government but also beating the government into submission.

Today is just a glimpse of what an off-hand, casual statement about markets can do. I hope the government realizes de-monetisation is one thing. Tampering with market structure is well - a whole, different BEAST.

In a capitalist world, Market is KING!

 

[timepass]

Today is just a glimpse of what an off-hand, casual statement about markets can do.

Similarly, tomorrow another statement by the government could take it up 200 points

 

[sadiq]

Damage control words :lol:

Arun Jaitley rejects rumours about hike in capital gains tax; says interpretation of PM's speech absolutely erroneous

check this link

who knows .. it erroneous or did purposely ...
it became a practice now for modi and co ( including adanis and ambanis ) to move market drastically when expiry is near by using modi speak and action ( surgical strike at pak etc ) at the close of expiry ..:rofl:

 

[cinderblock]

Similarly, tomorrow another statement by the government could take it up 200 points

This also makes people in the government think that the dog is wagging the tail - not realizing that the tail is equally or more capable of wagging the dog

 

[NoviceStockTrader]

Similarly, tomorrow another statement by the government could take it up 200 points

Looks like LIC can do that even without a statement by the government

 

[Rish]

Yes...I feel so...

Nifty weekly close below 8048.....further bleeding may start and continue...now major level upside 8123.....good resistance...

All above levels are, knowledge purpose and not a tips...

Now same 8048 will be Stiff Resisistance.....next Support at 7742....

Levels are for knowledge purpose....

 

[travi]

...when expiry is near ...:rofl:

Look at the bulls holding 18000 BN Put OI which is not at any Call strike.
Only at 17500 BN Put there is 10L.
Similar case with NS as well.

 

[TraderRavi]

Look at the bulls holding 18000 BN Put OI which is not at any Call strike.
Only at 17500 BN Put there is 10L.
Similar case with NS as well.

where do you see expiry in NF/BN based on option chain etc ?

 

[travi]

where do you see expiry in NF/BN based on option chain etc ?

Currently, max pain NS/BN is 8k/18k with very strong PE buildup.
7900/17700 appears to be worst case. Next 2 days will give more clarity.