General Trading Chat

travi

Well-Known Member
Higher CPI of 0.1% rattled mkts, next day controlled by -0.1% PPI :DD maje hai mkt mein
These days remind me of Trump-Kim spats in 2016-18, when the markets see-sawed every day, depending on who said what.
 

Raj232

Well-Known Member
Nifty / Banknifty : gone buffalo in the water :D
Pre - election rally might start .. currently indices are following global cues only. Pre-Election rally is overdue...

Banknifty should scale new highs probably from 49000. and touch 50,000 levels ...

Nifty should be on its way to 24,000 levels.
 
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BN/N50

Be careful.
BN/N50 should not stay below 48600/22600, must cross and stay above these levels, else a deep fall is on the cards.

ltp 48635/22583
On Monday expecting a move for BN for 48700, may be at open or within 60/90 minutes, else be ready for a 500 points dip, if stays below 48600.

ltp 48513

For N50,
position will improve only on crossing and staying above 22600 else down and down.

ltp 22515
 

Raj232

Well-Known Member
Pre - election rally might start .. currently indices are following global cues only. Pre-Election rally is overdue...

Banknifty should scale new highs probably from 49000. and touch 50,000 levels ...

Nifty should be on its way to 24,000 levels.
I feel there is higher high to be made, thats why all media houses are reporting about war like conditions etc.
Nobody reported about N Korea , doing any testing of nukes while the bull market was ongoing.. this might be a news driven scenario, where they want retail to sell while the biggies buy the stock cheap.

1712988297088.png


PE ratio wise -> Price to Earnings, we are at 2017 levels from where market rallied non-stop till 2019 while all were expecting a correction.. :D:D
 

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