General Trading Chat

[tradermodified]

Though opened above 22700 (22766) but failed to stay
and dropped to a low of 22459 (ltp)
likely to drop more,
may be to 350/375 levels, for the time being

N50 did a low of 22348
and moved up.

But be careful,
If again breaches 22350 and remains below 22350,
then a fall of 200/400 points is possible

ltp 22399

 

[tradermodified]

BN

Till BN does not cross and stay above 49500, it seems to be bearish.
An upmove (till as said above) may be a trap (for a good fall)
If fall continues, (may be after a rise), then we may see 48000 levels or even lower levels.

ltp 49397

BN did an high of 49607 but was unable to stay at those levels and fell sharply.
and so far did a low of 48659.

ltp 48813

 

[travi]

Bajfinance reminds me of all those memes about US mkts down 2% and nifty opens flat.

Entire 7-8% gap up sold into, must have been used to exit stuck positions. Such price action indicates lower lows.

Kotak and bajfin being portf stocks are sucking quite alot

 

[timepass]

Someone here was very interested in Kotak Mahindra Bank ??

JP Morgan upgrades Kotak Mahindra Bank to overweight from neutral; ups target price by 34%

https://www.moneycontrol.com/news/b...-neutral-ups-target-price-by-34-12714910.html

Maybe M&M Finance is the next

M&M Finance's Q4 Results: Net profit declines 9.5% YoY; Company announces dividend ₹6.3 apiece

https://www.livemint.com/companies/...r-share-dividend-declared-11714882448905.html

 

[Nish]

So as per last post, N really came down towards 22650 minus , and today rebounds towards 22770 plus.

NOW:
Does BN range looks like as per chart ?

Pl do your own study with proper SL !

N cp=22440

Will N re-bounce towards 22580 +/- ???

Not a reco, Just a thougjt !


Pl do your own study with proper SL !

 

[tradermodified]

N cp=22440

Will N re-bounce towards 22580 +/- ???

Not a reco, Just a thougjt !


Pl do your own study with proper SL !

Yes, possible
if crosses and stays above 22400

ltp 22362

 

[timepass]

Guys, about mutual fund redemption, does it take place by average NAV or FIFO basis ?

 

[travi]

Guys, about mutual fund redemption, does it take place by average NAV or FIFO basis ?

Units are redeemed on FIFO basis, units will be ordered by purchase date. (same way as stocks are calculated)

 

[timepass]

Gone Paytm in the water ??

What next ? < 50 ? The Rcom way

 

[tradermodified]

BN

Till BN does not cross and stay above 49500, it seems to be bearish.
An upmove (till as said above) may be a trap (for a good fall)
If fall continues, (may be after a rise), then we may see 48000 levels or even lower levels.

ltp 49397

Low did 47661

More fall likely, if fails to cross and stay above 47900/48000 zone.
47500 / 47000 possible

ltp 47684