General Trading Chat

[vivektrader]

Election results due Saturday should be an event for the markets.

Vivek

 

[vikas2131]

Election results due Saturday should be an event for the markets.

Vivek

not really.. small states dnt really count in scheme of things..

strong possibility of touching of 200 ma this time..

 

[athma_shakti]

a very old comedy show from 90's, there is a message in it

 

[travi]

Election results due Saturday should be an event for the markets.

Vivek

This Saturday is Nothing less than furious bears short covering on a grand expiry day

 

[NJ78]

not really.. small states dnt really count in scheme of things..

strong possibility of touching of 200 ma this time..

Wins in these small states build certainty towards BJP retaining power in 2019. It also reveals anti-incumbency in those states which is good for PM Modi. The stock markets value certainty and continuity, both of which would get confirmed if BJP does well in the rest of the state elections irrespective of the size of the state. It will also set off a pre-election rally in the latter half of this year even if we see short-term hiccups in the interim.

 

[timepass]

Although, Tatasteel does not have much exposure to the US markets in terms of exports. Some of the companies on our Metal Index are Tatasteel, NMDC, Nalco, Coal India, Hindalco, JSW, Jindal steel, Sail, Vedanta and Hindustan zinc. Doesn't appear that any of these companies should be directly impacted by the tariffs but who know what the markets read into this? However, Stocks like Vedanta have been a drag on the Metal index due to Supreme court order on Ban of mining activities etc. Keep on eye on the Metal Index if you trade tata steel.
When Markets fall, they typically do not care about fundamentals, valuations, support and resistances etc etc. They simply fall/rise. Same on the way up. It is just good old greed and fear in play.

PS: For whatever reason, the general complacence that was there in the global markets over the past few years is getting shaken out. Trading with the larger trend in mind always works. Good luck!

But those that have steel mills in USA will go through the roof. In USA, the steel stocks did that.

 

[travi]

Wins in these small states build certainty towards BJP retaining power in 2019. It also reveals anti-incumbency in those states which is good for PM Modi. The stock markets value certainty and continuity, both of which would get confirmed if BJP does well in the rest of the state elections irrespective of the size of the state. It will also set off a pre-election rally in the latter half of this year even if we see short-term hiccups in the interim.

You nailed it but to add a slight twist to the party, this will be a great climax for 2019 with the last and only stronghold of INC which is Karnataka state Elections in May.
At present, INC rules only 4 states, i double counted bcos i couldn't believe it.

 

[vivektrader]

Wins in these small states build certainty towards BJP retaining power in 2019. It also reveals anti-incumbency in those states which is good for PM Modi. The stock markets value certainty and continuity, both of which would get confirmed if BJP does well in the rest of the state elections irrespective of the size of the state. It will also set off a pre-election rally in the latter half of this year even if we see short-term hiccups in the interim.

You nailed it but to add a slight twist to the party, this will be a great climax for 2019 with the last and only stronghold of INC which is Karnataka state Elections in May.
At present, INC rules only 4 states, i double counted bcos i couldn't believe it.

With Meghalaya gone, its only 3, Punjab, Karnataka and Mizoram plus a UT Puducherry.

Vivek

 

[NJ78]

Data breach in Punjab National Bank affecting 10,000 credit and debit card customers
Source: https://advisor.moneylife.in/articl...000-credit-and-debit-card-customers/2609.html

Looks like the woes of PNB are tumbling out, one after the other. According to the report, this data breach alert was tipped off by CloudSek Information Security since PNB was not aware of it. So much for banking vigilance.

 

[vivektrader]

Data breach in Punjab National Bank affecting 10,000 credit and debit card customers
Source: https://advisor.moneylife.in/articl...000-credit-and-debit-card-customers/2609.html

Looks like the woes of PNB are tumbling out, one after the other. According to the report, this data breach alert was tipped off by CloudSek Information Security since PNB was not aware of it. So much for banking vigilance.

Its an old news, apparently denied by PNB, looking at their track record, must be true.

Vivek