General Trading Chat

[timepass]

Ajax, in both the charts, it is not a wolfe wave because the lines are not converging. In the BNF chart, they are actually diverging and it's not a megaphone pattern

 

[Ajax]

nice wolf in 1min nifty
wolfish pattern in 1min BNF

but its only 1 min chart and 2 days holiday
and kim jong threatening to explode Hydrogen bomb in pacific'
(someone said 23 sept -- end of world ,when even water will be on fire)

 

[timepass]

nice wolf in 1min nifty
wolfish pattern in 1min BNF

but its only 1 min chart and 2 days holiday
and kim jong threatening to explode Hydrogen bomb in pacific'
(someone said 23 sept -- end of world ,when even water will be on fire)

Ajax, in both the charts, it is not a wolfe wave because the lines are not converging. In the BNF chart, they are actually diverging and it's not a megaphone pattern

 

[Ajax]

agreed fully, that's why I said wolfish. Don't get perfect patterns always.
But have observed good reversals when such pattern form at end of a trend.
Varunji also swears by 24400 BNF which this pattern is holding

 

[Ajax]

Nifty 1min is good wolf setup, if nothing big happens during weekend, should see targets, Monday morning

 

[Kumar .]

Poor economy means,will we get just 5% interest rate on our FD's?
Bank cut 10% TDS,so we'll get 4.2% interest in hand.

Many old people living on only FD interest.

 

[vivektrader]

Lot of gloom in the thread....

Vivek

 

[timepass]

Lot of gloom in the thread....

Vivek

The traders are a sentimental lot, aren't they

Let's wait for the stimulus announcements.

But I was surprised by the serious bounceback in USDINR today. Not like the RBI to hit the panic button, not in the middle of the session. I remember the days when the RBI action usually happened in the last 30 minutes (4:30-5pm).

 

[traderniftybull]

Poor economy means,will we get just 5% interest rate on our FD's?
Bank cut 10% TDS,so we'll get 4.2% interest in hand.

Many old people living on only FD interest.

Bhai
Be satisfied that we are even getting this much of interest on FD in India.
Otherwise in many developed countries it is not even this much, hardly 1-2%
And I have learnt that in some few countries, one has to pay to banks, if they keep money in bank.
--------------------------------
Bhai, we are living in a country (you may say its our compulsion) where every other person/group, individual, politicians, govt employees, work force etc etc is trying to fool other group
Do not want to comment more, otherwise...........

 

[timepass]

The interest rates were higher 10-15 years ago. Was the economy better then ??