General Trading Chat

[timepass]

76+ today ?

Could be. It's trending neutral on the daily.

 

[siddhant4u]

What’s even the meaning of such targets? should we wait till it falls to 315 and buy for 316 target? I see many brokerages giving targets for stock buy which is way below the current market price. May be they want to claim later that their target met and already 1000% achieved.

I always thought they give year end target. For hdfc results good tgt 1200, the report doesn’t have any timeframe, so i always assumed that they give dec or mar yr end targets

 

[afin]

Let our Nimmy aunty please not get any ideas from here

Saudi Arabia triples VAT, halts govt handouts in austerity drive

Finance Minister Mohammed al-Jadaan said the measures were necessary to shore up state finances amid a 'sharp decline' in oil revenue as the coronavirus pandemic saps global demand for crude

https://www.arabianbusiness.com/pol...es-vat-halts-govt-handouts-in-austerity-drive

 

[Schatz]

Gold, anyone ? Or is it too expensive at present.

Sovereign Gold Bond opens tomorrow: Issue price fixed at Rs 4,590 per gram; here's all you need to know about scheme
https://www.firstpost.com/business/...ll-you-need-to-know-about-scheme-8352741.html

Buying Gold also gives you exposure to Dollar... if Gold stays same but INR depreciates u still make money ...
investing in GOLD is also investing in GOLD+Dollar

 

[timepass]

Buying Gold also gives you exposure to Dollar... if Gold stays same but INR depreciates u still make money ...
investing in GOLD is also investing in GOLD+Dollar

But won't the cost of trade be prohibitive ?

 

[Schatz]

But won't the cost of trade be prohibitive ?

which cost ?.. you always run a risk that GOLD may go down .. u r also getting 2.5% pa not bad given the savings rate r going to come down as well...

 

[timepass]

which cost ?.. you always run a risk that GOLD may go down .. u r also getting 2.5% pa not bad given the savings rate r going to come down as well...

There would be the brokerage and STT and GST etc.

 

[imurvrtrader]

Let our Nimmy aunty please not get any ideas from here

Saudi Arabia triples VAT, halts govt handouts in austerity drive

Finance Minister Mohammed al-Jadaan said the measures were necessary to shore up state finances amid a 'sharp decline' in oil revenue as the coronavirus pandemic saps global demand for crude

https://www.arabianbusiness.com/pol...es-vat-halts-govt-handouts-in-austerity-drive

hmmm, not triple but Nimmy aunty should go for double VAT. Right
lol lol

 

[timepass]

VWAP Gap : we may see a bullish day gone bad

 

[Schatz]

There would be the brokerage and STT and GST etc.

brokerage is negligible these days .. i think no TDS on interest and tax exempt if holding period is 8 years