General Trading Chat

Tuna

Listen and act, don't ask it, it doesn't oblige
Qatar decision obviously not good for the crude price. Some crude expert set a target around 20-25$ within 2018...World economy & biggest job market depends on crude also...as I said earlier...It can drag worldwide equity market too if go to 20-25 again...

Today there was easy money on short side due to such bad sentiment...I m bearish on crude for next few months...Lets hope SEBI introduce options before the bigger move come...

But, if crude down... initial days India will benifit.. until it drags the whole world market down...like previous instances..many countries economy depends on crude. And huge profit from selling crude invested in properties, cars, the stock market, gold, silver other businesses everywhere...That huge money from black gold is circulating...pumping blood to world economy also...


Good read http://mybs.in/2UWRDMa


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Ridham Desai of Morgan Stanley says he expects Nifty to triple in next 3 years...( take it with a pinch (or bucket) of salt :D) .He also says that 5-10 % correction can come anytime.

Markets never go up or down in straight lines. It always has intermittant corrections. So as traders we have to trade what the charts indicate, as corrections also could be meaningful and tradeable.Markets can go up further as the liquidity is fuelling it up but we should be careful as and when the correction starts...even 300-400 nifty points correction is large enough for we traders.

Smart_trade
 

vikas2131

Well-Known Member
Qatar decision might not go well for India. We have a huge number of expat there and considerable business. With IT taking nosedive, Pharma following suit and now Middle-east problem, I am expecting a huge dent the Forex remittance. I guess we are heading towards a big slump in the private sector Job market, keep an watch on the real estate stocks - those will suck big time, contrary to the belief that RERA will help and GST will help.
You forgot to mention that India is involved with Qatar military too..Our intelligence agencies provide over-watch to Qatar royalty and we are one of the largest trading partner of Qatar...not a good situation for us at all..
 

checkmate7

Well-Known Member
Any news in ITC it is down more than 1.5%?...May be preparing for big move :)
 

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