General Trading Chat

Budget Reactions Today-
1. BJP -Pathbreaking, Profarmer & will help the last person in the society
2. Congress- Antipoor and will increase inflation
3. AAp-For the benefits of Adani And Ambani
4. CPI & CPM-Will serve American interest & will result in mass unemployment
5. JDU-Nothing special,wasted opportunity
6. RJD,TMC,BSP,SP etc-Poor & downtrodden will suffer more
7. Shiv Sena-Anti- Maharastra &failure of BJP & PM
8. CII,Assochem,FICCI-Will kickstart economy & encourage private investment
9. NDTV, Indiatoday,Network18,Aaj Tak,ABP etc- Nobody seems happy,likely to create problems for govt
10. Times Now, Zee,India TV=Great budget,will help BJP in election
:lol::lol::lol:
Good one :lol:

But you missed the most important one
Bhai, add D Street reaction as well :D
 

travi

Well-Known Member
Just an observation. Look at Idea (spot). The ATP is so very close to LOD. what does it say ? Lot of buying around 104 ? Or a lot of selling ? More importantly, does it mean a bounceback or deeper cuts ?
If this snap is just around opening, then,
sometimes this can be elusive because of sheer volumes.

When volumes are very high, a lot of transactions can occur in a very narrow price range so your ATP strengthens there. (Mostly market orders)
Means the -ve or +ve bias may not be heavily tilted but profit booking from yest attracted by more buying today.

Today BN went up like rocket bcos opening volumes were very low even when compared to another flat day and then over some time price fizzles down.
 

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