General Trading Chat

[princy01]

True .... Index is flat ....... moves in stock specific

banknifty is down 120 points from open , if one knew to take the trades ,it was possible , if its too risky/volatile , sell calls, or buy puts

 

[wisp]

Your chart looks a bit different. 15 mins

 

[princy01]

Your chart looks a bit different. 15 mins

but mine is 23600 calls , weekly calls

 

[wisp]

but mine is 23600 calls , weekly calls

wonder how I trade with this kind of poor vision

 

[princy01]

wonder how I trade with this kind of vision

happens with me all the time , believe me i am the most unaware , unattentive trader you will ever see in my first big part of my trading career.

you can do it , if i can do it surely anyone can , just keep sharpening your skills , create an edge for yourself, know what your edge is and stick to it , the power of having and edge and realizing its powers is the most desirable thing in a traders life , practice ,practice and practice , and have some backup income so you can concentrate on your trading without fear

if you are fearful and are under-capitalized then my friend you have limited learning capacity , follow the basics

i know its hard , its really hard but you cant stop following the basics , learning as fast as you can without fears is the key

 

[bpr]

All clear for commodity options; Sebi notifies criterion, fixes limits

NEW DELHI: Markets regulator Sebi on Tuesday issued a circular, allowing commodity derivatives exchanges to introduce options trading. This set the stage for introduction of commodity option contracts, a new instrument Sebi had cleared on April 27.

Sebi said options trading will be allowed in agri products with an average daily turnover of Rs 200 crore, while for other commodities, the average daily turnover target will be Rs 1,000 crore.

Read more at:
http://economictimes.indiatimes.com/articleshow/59128385.cms

don't expect anytime soon we are still waiting for cross currency futures which is approved ages ago...

 

[manoj2012]

Guys ...... any idea ....... what triggered the long unwinding / shorts in last 20 minutes ..... ??

Was it risk-off .....prior to FED.... ??

or something else ...??

Moneycontrol News

10.05 am Market Check: Equity benchmarks were marginally under pressure amid volatility as investors remained cautious ahead of outcome of Federal Reserve meeting tonight.

The 30-share BSE Sensex was down 1.79 points at 31,101.70 and the 50-share NSE Nifty fell 14.25 points to 9,592.65.

The market breadth was also negative as about 1,057 shares declined against 867 advancing shares on the BSE.

"The Federal Reserve is expected to result in rate hike of 25 bps," Motilal Oswal said. This would be fourth rate hike in this cycle, third in last six months and Fed has managed market expectations quite well so far.

We haven’t seen any major market tantrums despite three rate hikes that have already happened and current hike is also largely factored in, the research house feels.

According to Motilal Oswal, the language of Federal Reserve, however, could offer some scope of surprise. It believes markets are likely to see a dovish hike rather than a hawkish hike. This means that while a rate hike will happen, the Fed will tone down the language to suggest that the next rate hike may not happen very soon, the research house said.

It believes that after this hike, a third rate hike this year will happen only in December.

 

[manoj2012]

Whether this news will boost banknifty ..... ??

OR

Market will not take is seriously (my consider is just another futile attempt to contain NPA ...??

Kshitij Anand
Moneycontrol News

RBI selects 12 accounts, accounting for 25% NPAs

The Reserve Bank of India on Tuesday identified 12 non-performing accounts or assets (NPAs), totalling 25 percent of India's gross NPAs, which can be immediately taken up under the Insolvency and Bankruptcy Code (IBC).

An Internal Advisory Committee (IAC) comprising majorly of central bank's independent board members held its first meeting on June 12 to consider cases under the new IBC that was passed last year to resolve bad loans through the legal route.

Some of the large stressed accounts that could be a part of the 12 are Essar Steel with Rs 44,000 crore stressed assets, Bhushan Power (Rs 35,000 crore), Bhushan Steel (Rs 35,000 crore), Alok Industries (Rs 24,000 crore) and Electrosteel Steels (Rs 10,000 crore), according to a CNBC-TV18 report.

In pre opening ....... NIFTY PSU BANK index is more positive than banknifty ....

Moneycontrol News

9:44 am Buzzing: Nifty PSU Bank index gained nearly half a percent in morning trade after the Reserve Bank of India announced steps to speed up NPA resolution process by identifying 12 accounts that can be immediately taken up under the Insolvency and Bankruptcy Code (IBC).

Syndicate Bank, Bank of Baroda, State Bank of India and Oritenal Bank of Commerce gained upto 1.5 percent.

"12 accounts totaling about 25 percent of the current gross non-performing assets of the banking system would qualify for immediate reference under IBC," the RBI said.

 

[traderniftybull]

don't expect anytime soon we are still waiting for cross currency futures which is approved ages ago...

not expecting anything,
BTW, I do not trade commodities but, I may start trading, once we have commodity options

 

[princy01]

don't expect anytime soon we are still waiting for cross currency futures which is approved ages ago...

waiting , but not eagerly

i used to fear trading commodities at one point in time , i never thought i will ever trade even the faster instrument ever , the banknifty options , so we already have instruments which are greatly volatile and rewarding as well , so yes will be trading mcx options when it comes but till then no hurry in mind also