General Trading Chat

Blackhole

Well-Known Member
Met with a small accident,fractured a few shoulder bones and now recovering from the injuries ,so coming to TJ infrequently.Nothing to worry as recovery is good...

My guidelines given long back that I dont expect nifty to go much below 7900 which still holds.

Stocks started giving bottoming out indcation...Bajaj Finance gave sequential buy signal 2 days ago...

Smart_trade
Get well soon!! Dear!!!......hope u r still trading and preparing for result and budget season. Take care
 
NIFTY and BANKNIFTY (both spot) did an high of 8044.65 and 17907.35 respectively.

What next
TechAnal indicative of

NIFTY for around BRN, if sustains above 8005
and
BANKNIFTY for around BBRN, if sustains above 17825
NIFTY and BANKNIFTY (both spot) did an high of 8100.55 and 18059.65 respectively.

What next

NIFTY again for around BRN, if sustains above 8005
and
BANKNIFTY again for around BBRN, if sustains above 17825

And I wont be surprised, if able to sustain above these numbers, then we may see move well above BRN and BBRN in next session(s) :D
 

bpr

Well-Known Member
Completely agree nobody can predict the exact reaction. But Rate hike by default is bearish immediate. All I am asking put proper sentences so no confusion.

Here is the my analysis.
If US rate hike happens
There will be negative reaction for USA and India
But as the rate hike is expected at 100% probability may be it is already priced in so correction might be sallow and price starts to reverse
or as a contra may be a new bear phase will start.

If there is no rate hike then there will be huge rally in usa and India in short term as it is unexpected.

This is keeping all other variable constant.
This US rate hike I think India is more exposed than USA
Because USA market all time high but India weak due to recent demonetization.
Lets see how both react.
Lest recap the aftermath of US fed hike

Nifty


Dow


As of now in US the rally is stalled where as in India there is significant downward pressure.
Hopefully it all make sense now.
 

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