General Trading Chat

[timepass]

It seems as if the market doesn't mind the rupee depreciation.

 

[lemondew]

Zerodha trader takes about 5 mins to load here. How is it working for you guys.

 

[candle]

Looking at the market today, it reminds me an old song from the movie Nadiya ke Paar : " Kaun disha mein le ke chalaa re ....."

 

[arsh22g]

It seems as if the market doesn't mind the rupee depreciation.

Low inflation might have provided a hedge to that, and Re is still overvalued relative to non-USD currencies

 

[lemondew]

Resolved. But every now and then ZT gives problems. Hows RKSV Nest trader platform. Any better? Do they give bracket order?

Zerodha trader takes about 5 mins to load here. How is it working for you guys.

 

[timepass]

Low inflation might have provided a hedge to that, and Re is still overvalued relative to non-USD currencies

seems like a contradiction to me. Ask any housewife whether the inflation on ground has come down

Zerodha trader takes about 5 mins to load here. How is it working for you guys.

Works ok if logged in before the session. Takes time during the session.

 

[vijayanscbe]

y did nifty fall so sharply in morning???
any idea??

If a support/resistance is broken by big candle means- lot of SLs trigged. so that area may be fearful area. Below the marked sup/res broken by big candle and see the reactions when the price nears the miserably broken sup/res.

 

[rahulmalik]

looks like bank nifty is done with its highs.

 

[arsh22g]

seems like a contradiction to me. Ask any housewife whether the inflation on ground has come down

From an institution's point of view, it has come down mainly because of weakness in minerals and energy. You are right about the household items since they represent more than half of CPI. It means that people have less to spend on discretionary items, impacting FMCG and durables. But weakness in minerals is positive for the long term growth engine. Only worry will be financing, as high food inflation will mean less domestic savings to tap from. That's why a need for FDI money.

 

[rahulmalik]

looks like bank nifty is done with its highs.

Looks like we may see 8400 on nifty tomm again. Whats ur opinion, fellow traders ?