General Trading Chat

[Prataap_2013]

Is this a good news for the Banknifty ?

Modi’s IBC masterstroke: As Bhushan Steel puts Rs 36,400 core in banks’ kitty; India winning NPA war

add to that this statement after Shri Piyush Goyal met heads of the 11 PSU banks: "Over the next few days we will ensure that the central government gives every possible support to further strengthen the resolve of these banks to come out of PCA framework as quickly as is possible."

The 11 banks under PCA are Dena Bank, Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce and Bank of Maharashtra.

 

[timepass]

So, the INR has been upheld artificially by the RBI. I suppose the target of 70 (for the USDINR) does not appear too far fetched now.

India’s forex reserves fall for the fourth week in a row

 

[manoj2012]

This is some regulation due to which promotors have sold some of their holding.

ST

Da

Which stocks would you buy now on Monday if market gives a big gap down.

 

[deneb]

For those looking at DMart, please bare in mind that the promoter, Damani hasn't sold any shares. Some employees sold their shares on Friday. But Damani will sell 1 % of the company (shares worth 880 Cr at present market price) during May 21 to June 14. After which his shareholding in the company comes to 81.2%. But he will still have to sell another 6.2% in the next 2 years to bring his shareholding to the maximum allowed 75%.

 

[Smart_trade]

Da

Which stocks would you buy now on Monday if market gives a big gap down.

I will be looking to buy RIL,Bajaj Finance ,HDFC Bank,HDFC,Kotak Bank...Biocon,
DMart,But only if the market opens with a big gap which looks difficult to me as of now.

ST

 

[vikas2131]

 

[vikas2131]

NSE Nifty IT index- Looks like it is forming a higher base around 13360 after a spectacular rally.

NSE Nifty Pharma index has broken down from 9 month inverted cup & handle pattern b/w 8300-10000.

 

[headstrong007]

FPIs in exit mode, pull out Rs 18,000 crore in May.

Foreign investors pulled out nearly Rs 18,000 crore (USD 2.65 billion) from capital markets so far this month primarily due to the surge in global crude prices and heightened US-Iran tensions.


Read more at:
https://economictimes.indiatimes.co...s-18000-crore-in-may/articleshow/64243017.cms

 

[vikas2131]

FPIs in exit mode, pull out Rs 18,000 crore in May.

Foreign investors pulled out nearly Rs 18,000 crore (USD 2.65 billion) from capital markets so far this month primarily due to the surge in global crude prices and heightened US-Iran tensions.


Read more at:
https://economictimes.indiatimes.co...s-18000-crore-in-may/articleshow/64243017.cms

Higher bond yield + Higher oil + Higher dollar = Disaster for EM

 

[vikas2131]