General Trading Chat

[timepass]

If more downside comes today, it will make a big bang engulfing bear

 

[Dr. Jan Itor]

Bola thha maine... (But on a serious note, this is a precariously hanging sword over the markets and an unpredictable one at that)

https://www.traderji.com/community/threads/day-traders-lounge.98792/page-672#post-1428579

 

[timepass]

what is this ?

Confusion reigns over Sebi margin rule 1.0: There is Version 2.0 too

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[timepass]

GDP growth contracts by 23.9% in Q1
against 3.1% growth in previous quarter

Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst

What I don't understand is why did the INR recover sharply from 73.69 at one point.

 

[timepass]

Why Sensex crashed over 800 points today
2 min read . Updated: 31 Aug 2020, 04:48 PM ISTEdited By Surajit Dasgupta

• Analysts attributed the selloff to fresh tension between India and China on Ladakh border
• Implementation of the new margin system from September 1 also weighed on the market

https://www.livemint.com/market/sto...hed-over-800-points-today-11598869894148.html

Somehow, today reminds me of the Surgical strike day.

 

[Dr. Jan Itor]

Why Sensex crashed over 800 points today
2 min read . Updated: 31 Aug 2020, 04:48 PM ISTEdited By Surajit Dasgupta

• Analysts attributed the selloff to fresh tension between India and China on Ladakh border
• Implementation of the new margin system from September 1 also weighed on the market

https://www.livemint.com/market/sto...hed-over-800-points-today-11598869894148.html

Somehow, today reminds me of the Surgical strike day.

Matlab tp sir? 8-10% correction or no effect in the medium term or both?

 

[timepass]

Matlab tp sir? 8-10% correction or no effect in the medium term or both?

That's a loaded question. It looks that way to me, a correction and then the uptrend continues. There is a lot of liquidity coming in. USA is determined to push up inflation. And I still don't know why INR moved so sharply towards the end today.

The point to be noted, me lord, is that this correction is different from 2008, when it took about 40 months to clear the previous highs.

 

[novicetrader007]

GDP growth- contracted by 23.9%

Covid cases- crossed 80k per day

Petrol price- crossed ₹82/litre

Unemployment- All time high

 

[timepass]

GDP growth- contracted by 23.9%

Covid cases- crossed 80k per day

Petrol price- crossed ₹82/litre

Unemployment- All time high

That's all the masala for all time highs

 

[Dr. Jan Itor]

GDP growth- contracted by 23.9%

Covid cases- crossed 80k per day

Petrol price- crossed ₹82/litre

Unemployment- All time high

I had said this earlier also - many pre-covid skeletons will be brushed under the covid carpet.