General Trading Chat

[timepass]

Banknifty has a range of only about 200 points so far. I think it will either go to 51400/500 or 50800. But not both, I hope.

 

[tradermodified]

BN

Till 51150/200 zone is safe, BN will move up only.

ltp 51221

 

[timepass]

BN

Till 51150/200 zone is safe, BN will move up only.

ltp 51221

I wonder if the Banknifty has made a bearish harami pattern

https://www.investopedia.com/terms/b/bearishharami.asp

Anything from DeMark followers ?

 

[Anurag N]

FMCG, IT and Healthcare/Pharma seems to be the best sectors right now from technical standpoint.
In case market doesn't breakouts from the current range and starts approaching towards the bottom of the range, these are expected to hold and not show a big drawdown.

 

[tradermodified]

I wonder if the Banknifty has made a bearish harami pattern

https://www.investopedia.com/terms/b/bearishharami.asp

View attachment 51322

Anything from DeMark followers ?

yes
but on the other side
BN also formed an NR50+

and
IMO, on staying above 51200 will move for 51400/700

ltp 51264

 

[tradermodified]

now
BN to move for 51700
and
N50 to move for 25150

ltp 51360/25060

N50 a new ATH @ 25,174.55
BN may take some time to reach 51700. may be tomorrow or Monday.

N50 to move for 25250 on staying above 25150
ltp 25164

 

[timepass]

Gone buffalo in the water

 

[tradermodified]

Gone buffalo in the water

yes
but moved up.

 

[timepass]

What an interesting article !!

Recession forecasts have been wrong for years. Here's why a 'perfect indicator' doesn't exist.
https://finance.yahoo.com/news/rece...perfect-indicator-doesnt-exist-090047128.html

"almost every recession indicator has not survived the next recession."

"I think we'd like to be able to predict, but I think we can't. And once you admit you can't, that itself is knowledge and wisdom."

 

[timepass]

Banknifty futures have open = low. Let's see if it sustains the day.