General Trading Chat

[siddhant4u]

Exports are down by 12-13% only. It is mainly due to crude and gold.

Piyush Goyal is crediting this to atmnirbhar bharat ! LoL!!

he should understand that import are down 50% due to low demand from industry which is worrisome news...

 

[timepass]

A few banknifty CEs seem to have open high

 

[timepass]

So, the banknifty comes to rest at its 3ema. 15 ema stands around 21800. It should face some resistance there.

 

[siddhant4u]

Exports are down by 12-13% only. It is mainly due to crude and gold.

more details coming up now...

non gold/non-oil imports are down 40% as well !!

 

[Schatz]

So, the banknifty comes to rest at its 3ema. 15 ema stands around 21800. It should face some resistance there.

View attachment 43475

Looks like bn had a false breakdown. That makes it a range bound case with mild bullish bias. 21000 to 22000

 

[Dr. Jan Itor]

Who is gambling in Yes Bank (FPO or otherwise) and/or Idea, give me a cheer...

 

[siddhant4u]

Who is gambling in Yes Bank (FPO or otherwise) and/or Idea, give me a cheer...

no idea why people want to apply for yes bank fpo! Unless people are already stuck and don't want to see their holding diluted by 50%

may be its lure of 'penny' stock

 

[siddhant4u]

no idea why people want to apply for yes bank fpo! Unless people are already stuck and don't want to see their holding diluted by 50%

may be its lure of 'penny' stock

not to sound pessimist.. but thinking practical.

as par RBI
" 38.68 lakh crore of the total Rs 100 lakh crore worth of loan outstanding in the banking system are now under the six month moratorium as part of COVID-19 relief package "

now consider if 5% of loan under moratorium goes NPA !! that's 1.93 trillion Rs added to NPA !

better stay away from banking sector for now.

plus as par RBI rule, banks need to have provision for 10% of loans under moratorium. so Q1 losses will widen (due to provisions)

 

[timepass]

Looks like BNF is set to violate its open low

 

[Schatz]

Looks like BNF is set to violate its open low

View attachment 43491

that open could be a freak trade...