General Trading Chat

[Rish]

Due to more strict laws against Benami properties, sale of medium/high end real estate is bound to suffer.
All Real Estate stocks should be touching lows.

Good opportunity for Bears here.

DLF may be good a candidate to deal with....

 

[travi]

The Nifty Realty Index looks like pocket change against the other Indexes

 

[john302928]

D wave took bit more correction as suspected. But i was expecting it to reverse from 8075 zone itself but since I was having a buffer for wave D as bit more correction as 7990 but it went around 7940 zone. Now it looks wave D is completed and wave E is in progress so we are inching towards the sell of point. Stay safe. the statement which i stated in the trailing message for wave E is applicable. If there is going to be a sell off then usually Fundamental negative news should come in.

Looks like wave E was already over by 15 dec itself or 21 dec itself,In both the cases it was really a shallow one. But I misjudged to figure it out correctly. so next leg had already started and it could reverse for a pull back and then there could be a sell off again

 

[vikas2131]

I thought to write a post on it but refrained.
You cant change perception of a person, about his thinking etc.

A similar view was there on successful launch of AGNI-V
http://www.traderji.com/general-chit-chat/98792-day-traders-lounge-414.html
post 4136 and 4138

Instead of feeling proud, they were talking of garib and poor. Then why spending this much on technology and such things. Why not we should start living like that of stone age. huhh

It happens because there is no objective analysis..they do not want to do it because they may have to remove the bias which will be out of their comfort zones..but if another 1962 happens and this time we lose our territory..just same people will blame the government for not protecting the country ..for not investing in defense..apparently nothing has been learned even 1000 years of slavery..

 

[tarun1313]

What do you guys think on trend of the day?


Sent from my iPhone using Tapatalk

 

[timepass]

Bahut confusion hai. If the newspapers know about it, certainly the authorities should. This could be a bigger racket than stockpiling of new currency.

Old notes selling at a premium in Kolkata market

TNN | Dec 27, 2016, 05.31 AM IST

KOLKATA: At a time when people across the country are queuing up outside banks to get rid of old Rs 500 and Rs 1000 notes, the scrapped currencies are selling at a premium in the serpentine bylanes of trading hub Burrabazar. Old notes of Rs 500 and Rs 1000 will fetch you Rs 550 and Rs 1,100 here.

On Monday, TOI spotted men sitting with wads of new currency notes in the shops dotting the trading hub. They were there a month ago too, but then they were handing out anything between Rs 800 and Rs 850 in exchange for a note of Rs 1000 in old denomination. The sudden reverse exchange may stump commoners but those in the know say it has been triggered by shell companies who need to shore up 'cash in hand' in their balance sheets that show huge paper transactions. The city's accountancy fraternity sees this as a bid to justify the paper transactions before the third quarter ends on December 31.


In the balance sheet, 'cash in hand' is the amount held by a company in the form of notes or coins. In layman's term, 'cash in hand' is the money that is kept to pay small amounts but is not deposited in the bank. However, it does not mean the money lies in physical form in a chest or a drawer.

After PM Modi announced demonetisation on November 8, the business community in the city adopted every possible means to either exchange the notes or get some deposited in banks. With the third quarter coming to an end, they have little cash left to show as 'cash in hand'. Income tax officials have come across a number of companies which have shown a large amount 'cash in hand' in the balance sheet when the physical cash was much less


If these companies have shown 'cash in hand' over a long period, then a large part of the amount is expected to be in the form of old Rs 500 or Rs 1,000 notes. But, as per RBI guidelines, these notes can be deposited in banks only till December 30 this year. This has led to the sudden surge in demand for the scrapped currency. "There is such a possibility but I can't say if anyone has utilised the scope to fudge the balance sheet," said Anirban Datta, chairman of Institute of Chartered Accountants of India (eastern region).

 

[deba72]

i was waiting for somebody to correct both of you but none did so here you go.

Monuments are very important for Tourism..Do you know approximately four million people visit the Statue of Liberty National Monument every year

https://www.statista.com/statistics/254218/number-of-visitors-to-the-statue-of-liberty-in-the-us/

Do you knowTaj Mahal attracts 7–8 million visitors a year.

According to the World Travel & Tourism Council which calculated that tourism generated ₹8.31 lakh crore (US$120 billion) or 6.3% of the nation's GDP in 2015 and supported 37.315 million jobs, 8.7% of its total employment.

Yes you have to spend money for tourism and it is needed to be done ..

Tourism is important, but in a poor country like ours more important is health,education,irrigation and job creation... 3600 Crores is no peanuts that it can be literally thrown into sea.... When funds are in shortage, one has to prioritize ... You just cant go to a hungry or a jobless person and advise him to go for a holiday in Shimla to de-stress.. In the same state, number of farmer suicides are the highest..and then when one talks about building a 3600 Crores statue, it is nothing but obscene...

The great Maratha king himself never believed in unnecessary spends on discretionary items..thats why all the forts built by him are very high on utility and low on grandeur...

We just can't put lipstick on a hungry and poverty stricken woman and then clap and say..'wow ,she is looking very nice..so everything is alright...'

 

[traderniftybull]

NF

If able to sustain above 7925, it should move to 7950 and above.

 

[traderniftybull]

BNF

If holds 17650, then will look for 17750/17777
LTP 17664

 

[vikas2131]

Tourism is important, but in a poor country like ours more important is health,education,irrigation and job creation... 3600 Crores is no peanuts that it can be literally thrown into sea.... When funds are in shortage, one has to prioritize ... You just cant go to a hungry or a jobless person and advise him to go for a holiday in Shimla to de-stress.. In the same state, number of farmer suicides are the highest..and then when one talks about building a 3600 Crores statue, it is nothing but obscene...

The great Maratha king himself never believed in unnecessary spends on discretionary items..thats why all the forts built by him are very high on utility and low on grandeur...

We just can't put lipstick on a hungry and poverty stricken woman and then clap and say..'wow ,she is looking very nice..so everything is alright...'

Apparently you forgot to read that tourism supports 37.315 million jobs, 8.7% of total employment in our country but hey dnt let the facts stop you from consoling urself and keeping you in ur comfort zone..more power to you...