Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
https://www.business-standard.com/a...-commerce-a-silver-lining-119051500122_1.html
India’s consumers are being tested after helping drive the fastest-growing major economy.More cautious spending on everything from shampoo to cars and travel threaten to weaken what’s been the backbone of the economy, contributing about three-fifths of gross domestic product. The pullback has acted as a drag on growth ....
India’s consumers are being tested after helping drive the fastest-growing major economy.More cautious spending on everything from shampoo to cars and travel threaten to weaken what’s been the backbone of the economy, contributing about three-fifths of gross domestic product. The pullback has acted as a drag on growth ....
Can it be considered as measuring point of India's consumer product growth?
Unlike hotel, travel and spending in FMCG (which is slowing down) which can be calculated from listed and public companies, we can't make out growth of consumer electronics market. Since Bajaj Fin is dominant player in financing consumer electronics, their growth of sales w.r.t last quarter and yoy quarter would be interesting to see the pattern emerging. With FMCG struggling with slower growth rate in rural area, we have to see how middle class is faring in urban areas.
Unlike hotel, travel and spending in FMCG (which is slowing down) which can be calculated from listed and public companies, we can't make out growth of consumer electronics market. Since Bajaj Fin is dominant player in financing consumer electronics, their growth of sales w.r.t last quarter and yoy quarter would be interesting to see the pattern emerging. With FMCG struggling with slower growth rate in rural area, we have to see how middle class is faring in urban areas.
what I mean is , using Bajaj Fin as barometer to gauge consumer expenses in white goods, consumer electronics etc. As we know vehicle finance could be down and baj fin is not dependent on it. So the growth in baj fin could show that people are still spending (or stopped spending) on white goods/consumer electronics.
Sequential on 5 min Nifty index chart...see the TDST level also...This is a Tradingview chart so ignore bar timing on X axis.....they probably as per Singapore time...
Smart_trade
Smart_trade
I managed to get the same chart in trading view but I am not able to get the TDST line. How did you get the TDST line? It will help a lot if you mention the indicator that you used for getting the TDST Line.
Regards,
PTK
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