General Trading Chat

The question is kab tak ??
Jaldi hi bisarjan ho jayega.... Phir diwalli ya diwala ?? lol:D
A bull may have a different viewpoint, now that autos are coming out of the reverse gear :)

1568178447530.png


could be inverse H&S, with 11200 being the decider area.
 

SwagatN

Well-Known Member
A bull may have a different viewpoint, now that autos are coming out of the reverse gear :)

View attachment 37502

could be inverse H&S, with 11200 being the decider area.

11100 being a major S/R zone for daily chart, and price action around these level shows not very convincing breakout failure. NIFTY has spent quite some time below this level and buyers have to give a clean and strong breakout above 11200 if they are eyeing upside. Otherwise it might fall all the way to 10K, my reading.
 

bpr

Well-Known Member
Don't fully understand
what is ‘recognised association’ status ? Who benifits actually ? Normal retail traders ? or FIIS and DIIS ??
I was not aware there is a client code modification feature for broker dealer terminals..
To me looks like could be fraud ..55000 cr in client code modifcation so may be CBDT has a point
remove Client code modification feature and get the approval ..what is the issue ?
a normal trader does not get second chance if there is a fat finger trade then why the delaer terminal should get ..I don't understand ...
 
SMA death cross happened in Nifty yesterday, now waiting for banknifty.

1568358758609.png
 
Saudi Aramco has a tie-up with Reliance, right ? Maybe a tie-up is in the pipeline. Anyway, Reliance may react violently to this news on Monday.

Drone attacks strike major Saudi Aramco facility, oilfield
AP | Sep 14, 2019, 11.10 AM IST

DUBAI: Drones attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early on Saturday, the kingdom's interior ministry said, sparking a huge fire at a processor crucial to global energy supplies.

No one immediately claimed responsibility for the attacks in Buqyaq and the Khurais oil field, though Yemen's Houthi rebels previously launched drone assaults deep inside of the kingdom.

It wasn't clear if there were any injuries in the attacks, nor what effect it would have on oil production in the kingdom. The attack also likely will heighten tensions further across the wider Persian Gulf amid a confrontation between the US and Iran over its unraveling nuclear deal with world powers.

Online videos apparently shot in Buqyaq included the sound of gunfire in the background. Smoke rose over the skyline and glowing flames could be seen a distance away at the Abqaiq oil processing facility.

The fires began after the sites were "targeted by drones," the interior ministry said in a statement carried by the state-run Saudi Press Agency. It said an investigation into the attack was underway.

Saudi Aramco, the state-owned oil giant, did not immediately respond to questions from The Associated Press. The kingdom hopes soon to offer a sliver of the company in an initial public offering.

Saudi Aramco describes its Abqaiq oil processing facility in Buqyaq as "the largest crude oil stabilization plant in the world."

The facility processes sour crude oil into sweet crude, then later transports onto transshipment points on the Persian Gulf and the Red Sea. Estimates suggest it can process up to 7 million barrels of crude oil a day.

The plant has been targeted in the past by militants. Al-Qaida-claimed suicide bombers tried but failed to attack the oil complex in February 2006.

The Khurais oil field is believed to produce over 1 million barrels of crude oil a day. It has estimated reserves of over 20 billion barrels of oil, according to Aramco.

There was no immediate impact on global oil prices as markets were closed for the weekend across the world. Benchmark Brent crude had been trading at just above $60 a barrel.

Buqyaq is some 330 kilometers (205 miles) northeast of the Saudi capital, Riyadh.

While no group immediately claimed the attacks, suspicion immediately fell on Yemen's Houthi rebels.

A Saudi-led coalition has been battling the rebels since March 2015. The Iranian-backed Houthis hold Yemen's capital, Sanaa, and other territory in the Arab world's poorest country.

The war has become the world's worst humanitarian crisis. The violence has pushed Yemen to the brink of famine and killed more than 90,000 people since 2015, according to the US-based Armed Conflict Location & Event Data Project, or ACLED, which tracks the conflict.

Since the start of the Saudi-led war, Houthi rebels have been using drones in combat. The first appeared to be off-the-shelf, hobby-kit-style drones. Later, versions nearly identical to Iranian models turned up. Iran denies supplying the Houthis with weapons, although the UN, the West and Gulf Arab nations say Tehran does.


The rebels have flown drones into the radar arrays of Saudi Arabia's Patriot missile batteries, according to Conflict Armament Research, disabling them and allowing the Houthis to fire ballistic missiles into the kingdom unchallenged. The Houthis launched drone attacks targeting Saudi Arabia's crucial East-West Pipeline in May as tensions heightened between Iran and the US. In August, Houthi drones struck Saudi Arabia's Shaybah oil field, which produces some 1 million barrels of crude oil a day near its border with the United Arab Emirates.


UN investigators said the Houthis' new UAV-X drone, found in recent months during the Saudi-led coalition's war in Yemen, likely has a range of up to 1,500 kilometers (930 miles).


That puts the far reaches of both Saudi Arabia and the UAE in range.


The Houthi's Al-Masirah satellite news channel did not immediately acknowledge the attack Saturday, though it said the spokesman of the Houthi's armed forces would soon give a speech on "a major operation," without elaborating.
https://timesofindia.indiatimes.com...co-facility-oilfield/articleshow/71122490.cms
 

checkmate7

Well-Known Member
Saudi Aramco has a tie-up with Reliance, right ? Maybe a tie-up is in the pipeline. Anyway, Reliance may react violently to this news on Monday.

Drone attacks strike major Saudi Aramco facility, oilfield
AP | Sep 14, 2019, 11.10 AM IST

DUBAI: Drones attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early on Saturday, the kingdom's interior ministry said, sparking a huge fire at a processor crucial to global energy supplies.

No one immediately claimed responsibility for the attacks in Buqyaq and the Khurais oil field, though Yemen's Houthi rebels previously launched drone assaults deep inside of the kingdom.

It wasn't clear if there were any injuries in the attacks, nor what effect it would have on oil production in the kingdom. The attack also likely will heighten tensions further across the wider Persian Gulf amid a confrontation between the US and Iran over its unraveling nuclear deal with world powers.

Online videos apparently shot in Buqyaq included the sound of gunfire in the background. Smoke rose over the skyline and glowing flames could be seen a distance away at the Abqaiq oil processing facility.

The fires began after the sites were "targeted by drones," the interior ministry said in a statement carried by the state-run Saudi Press Agency. It said an investigation into the attack was underway.

Saudi Aramco, the state-owned oil giant, did not immediately respond to questions from The Associated Press. The kingdom hopes soon to offer a sliver of the company in an initial public offering.

Saudi Aramco describes its Abqaiq oil processing facility in Buqyaq as "the largest crude oil stabilization plant in the world."

The facility processes sour crude oil into sweet crude, then later transports onto transshipment points on the Persian Gulf and the Red Sea. Estimates suggest it can process up to 7 million barrels of crude oil a day.

The plant has been targeted in the past by militants. Al-Qaida-claimed suicide bombers tried but failed to attack the oil complex in February 2006.

The Khurais oil field is believed to produce over 1 million barrels of crude oil a day. It has estimated reserves of over 20 billion barrels of oil, according to Aramco.

There was no immediate impact on global oil prices as markets were closed for the weekend across the world. Benchmark Brent crude had been trading at just above $60 a barrel.

Buqyaq is some 330 kilometers (205 miles) northeast of the Saudi capital, Riyadh.

While no group immediately claimed the attacks, suspicion immediately fell on Yemen's Houthi rebels.

A Saudi-led coalition has been battling the rebels since March 2015. The Iranian-backed Houthis hold Yemen's capital, Sanaa, and other territory in the Arab world's poorest country.

The war has become the world's worst humanitarian crisis. The violence has pushed Yemen to the brink of famine and killed more than 90,000 people since 2015, according to the US-based Armed Conflict Location & Event Data Project, or ACLED, which tracks the conflict.

Since the start of the Saudi-led war, Houthi rebels have been using drones in combat. The first appeared to be off-the-shelf, hobby-kit-style drones. Later, versions nearly identical to Iranian models turned up. Iran denies supplying the Houthis with weapons, although the UN, the West and Gulf Arab nations say Tehran does.


The rebels have flown drones into the radar arrays of Saudi Arabia's Patriot missile batteries, according to Conflict Armament Research, disabling them and allowing the Houthis to fire ballistic missiles into the kingdom unchallenged. The Houthis launched drone attacks targeting Saudi Arabia's crucial East-West Pipeline in May as tensions heightened between Iran and the US. In August, Houthi drones struck Saudi Arabia's Shaybah oil field, which produces some 1 million barrels of crude oil a day near its border with the United Arab Emirates.


UN investigators said the Houthis' new UAV-X drone, found in recent months during the Saudi-led coalition's war in Yemen, likely has a range of up to 1,500 kilometers (930 miles).


That puts the far reaches of both Saudi Arabia and the UAE in range.


The Houthi's Al-Masirah satellite news channel did not immediately acknowledge the attack Saturday, though it said the spokesman of the Houthi's armed forces would soon give a speech on "a major operation," without elaborating.
https://timesofindia.indiatimes.com...co-facility-oilfield/articleshow/71122490.cms
So reliance may play a spoil sports in Nimmi aunty adrenaline injection... Monday would be interesting...Chop shop may get open on Monday...let's see how it unfolds
 

iwillwin

Well-Known Member
So reliance may play a spoil sports in Nimmi aunty adrenaline injection... Monday would be interesting...Chop shop may get open on Monday...let's see how it unfolds
Officially no deal has been materialized so far as far as the news is concerned....so how would aramco investment in reliance announced in RIL AGM only would affect market
 

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