General Trading Chat

[Raj232]

On the Crypto front, seems BITCOIN moves faster than the Midcaps and Smallcaps.
1-Jan2023 Bitcoin - $16,600 .. currently $59763 ..

However, I dont have/trade bitcoin or crypto.. just an observation of the chart..

 

[Raj232]

India’s GDP growth accelerates to 8.4% in third quarter, beats expectations

Q3 GDP growth: The Indian economy grew sharply during the third quarter of FY24 at 8.4 per cent, compared to 4.3 per cent in the same period last year.

In Short

• India's Q3 GDP growth accelerates to 8.4% YoY
• Analysts had predicted growth below 7%
• Q3 GDP growth better than 7.6% in Q2

India's gross domestic product (GDP) for the third quarter of the ongoing financial year accelerated to 8.4 per cent year-on-year, showed data shared by the Ministry of Statistics and Programme Implementation on Thursday. In the same period last year, the GDP growth was 4.3 per cent.

https://www.indiatoday.in/business/...ember-2023-government-data-2508723-2024-02-29

 

[Raj232]

We should be seeing a +10 to +15% upmove in the market currently.. I'm guessing in the 1st Week of March Itself.
+2% per day for the next 7 trading days gives a cool +14% upmove.

Jan and Feb have both been corrective months.. with GDP beating expectations hands down, with better than expected results, the Dec highs are likely to be taken out soon.
https://www.news18.com/business/ind...s-all-expectations-official-data-8797927.html

We might get to see a vertical upmove .. while market analysts will say their usual crap about a market correction..


In the US, the Nasdaq has hit a new high last night.

Nasdaq hits record high, stocks close higher to cap February
https://finance.yahoo.com/video/nasdaq-hits-record-high-stocks-211850684.html

 

[cinderblock]

1% for the day done,

1% to go

 

[tradermodified]

BN/N50

though both the indices didnt move, as expected and as posted yesterday but will move soon.

ltp 22155/46465

BN/N50 - levels done, though a bit late.

 

[tradermodified]

N50

On staying above 22300 to move for 22450/600 levels

ltp 22322

 

[tradermodified]

BN

On staying above 47100, to move for 47300/500/700 levels

ltp 47137

 

[Raj232]

SENSEX options chart.. nothing much to say .. all self explanatory

 

[timepass]

Banknifty is back in the gap / neckline area. A breakout means a 2.5 - 3000 pts upmove.

Maybe someone can draw an inverted H&S or bowl and handle in there.

 

[cinderblock]

NSE per disaster strike hone wala hai abhi