General Trading Chat

[Blackhole]

Business Standard

Ø* India's growth fastest: IMF
Ø* Global growth pegged lower @ 3.2%
Ø* Do not tread protectionist path: IMF to US
Ø* 'Monsoon, inflation, industry shine together'
Ø* Wipro board to consider proposal to buy back shares
Ø* China keen to invest in India's high-speed rail sector
Ø* Ind-AS to raise June quarter tax liabilities by 20%
Ø* India is a preferred bet in Asia in medium term: Christopher Chen
*
Ø* At 106% rainfall, IMD predicts above-normal monsoon in 2016
Ø* March CPI eases to six-month low of 4.83%; Feb IIP rebounds to 2%
Ø* IMF says 'very real' Brexit risk could deal blow to world economy
Ø* Exit offers exempt from contra trade restrictions, says Sebi
Ø* Liquidity situation recovers as government starts spending
Ø* Iron ore imports tank 63% in FY16 to 5.6 mt
Ø* Break in Greek reform talks ahead of IMF meet: Minister

Business Line

Ø* ‘Brexit, US elections are big risks in Q2’
Ø* India, US logistics support pact to be finalised by June
Ø* Jewellers submit proposal on excise to govt
Ø* RBI restricts FII buying in JKumar, Inox Leisure
Ø* Shilpa Medicare gets recognition from Japan*
Ø* Dr Reddy’s buyback opens on Monday, offers a maximum of Rs. 3,500/share*

Mint

Ø* RBI opposes disclosure of defaulter’s information
Ø* Critical phase of reforms on now, says Arun Jaitley
Ø* Weakest deposit growth since 1963 means higher rates for India
Ø* Raghuram Rajan builds record reserves to strengthen Asia’s worst currency
Ø* Lanco Infratech looking for strategic partner in power projects
Ø* Indian bankers said to be wary of solar as SunEdison totters
Financial Express****************

Ø* Sensex rallies 123 points on hopes of good monsoon,
Ø* Japanese consortiums bid for GAIL's $7 bn tender
Ø* Vijaya Bank cuts term deposit interest rates by 25 bps
Ø* Industry losing Rs 350 cr per day due to warning on tobacco products: Assocham
Ø* UK govt prevented immediate closure of Tata Steel's unit
*
Financial Chronicle

Ø* India has potential to grow between 8 to 10%: CEA
Ø* Retail inflation slides to 6-month low in March
Ø* India begins probe into steel dumping by 6 countries
Ø* PFRDA aims to add 60-70 lakh APY subscribers in FY17
Ø* Gold set to enter bull market: WGC
Ø* Taj Group to run Nepal tourist resort

 

[oldtrader]

Nifty going BOOM BOOM in Singaore @ 7790 a whopping 0.72% UP

 

[amitrandive]

We need to differentiate between corrective fall (decline in a up trending market) vs impulsive fall in down trending market,similarly corrective rise ( corrective rally in a downtrending market ) vs impulsive upmove in a uptrending market.

Smart_trade

FYI

 

[timepass]

The problem is, it is only after the completion of the move that we come to know whether it was a corrective wave or not. In real time, nothing happens in straight lines. When the correction is in progress, it is difficult to say whether it is a correction or a reversal.

We need to differentiate between corrective fall (decline in a up trending market) vs impulsive fall in down trending market,similarly corrective rise ( corrective rally in a downtrending market ) vs impulsive upmove in a uptrending market.

Smart_trade

FYI

 

[Smart_trade]

The problem is, it is only after the completion of the move that we come to know whether it was a corrective wave or not. In real time, nothing happens in straight lines. When the correction is in progress, it is difficult to say whether it is a correction or a reversal.

When a trend is in progress, it will have many corrections...all corrections are not reversals...so in an uptrend any downmove should be treated as a correction.If we start considering every correction as reversal we will never be able to trade trends.

The reversal will eventually come but our stops will take us out without much damage but before that we would have pocketed good portion of the trends..so no regrets on reversal.

Smart_trade

 

[Smart_trade]

The above is one of the main reason why inspite of strong trends, traders dont make money. A trend once in motion lasts for a few days. But it will have antitrend corrections and every correction traders consider as reversal, take reversal position and get stopped out. They cannot enter at higher price in uptrend as they find price "too high" and the whole trend is wasted in trying to trade in antitrend direction or "wait and watch".

ST

 

[LoneWolf]

The problem is, it is only after the completion of the move that we come to know whether it was a corrective wave or not. In real time, nothing happens in straight lines. When the correction is in progress, it is difficult to say whether it is a correction or a reversal.

Though we can not say it for sure while its developing, but again when we trade we trade probability, we are not sure whether it will go for a profit for sure or not. So paying close attention to the way corrections are developing one can differentiate between a correction and reversal to some greater extent. Smart_Trade shared one such step that is the bar counts, few more could be the slope of each impulsive/corrective leg which is used to say whether a trend is accelerating or weakening, parent time frame candle patterns etc etc

 

[amitrandive]

The problem is, it is only after the completion of the move that we come to know whether it was a corrective wave or not. In real time, nothing happens in straight lines. When the correction is in progress, it is difficult to say whether it is a correction or a reversal.

The Definitive Guide to Trading Pullbacks and Breakouts

 

[pakatil]

Will this Rally ever end....??

 

[lemondew]

Euphoria on streets after monsoon khabar