General Trading Chat

[cloudTrader]

If you guys remember the market's reaction to previous big news events, you will remember that the index bounced up strongly after initial downmove .. surgical strike, demonetization etc.

So maybe the market is preparing to throw a googly tomorrow.

Maybe the followers of EW, fibonacci etc will have something to predict about that.

Yes.. those days were very good for traders who traded counter moves after initial fearing moves ..

 

[cloudTrader]

1.Urjit Patel resigns.
2.Vijay Mallya to be extradited, orders UK court.

Vivek

Is there any news that Mallya will go into appeal against this latest decision ?

 

[vivektrader]

Is there any news that Mallya will go into appeal against this latest decision ?

Yes, he was saying that on TV, but his appeal may not be even admitted as per commentators there.

Vivek

 

[Positivetrader]

Tomorrow has all the makings of a big volatile day, with a good chance to buy good companies at corrected prices, probably best chance before the new year dawns.

Yes. True.
HDFC, BAJAJFIN, KOTAKBANK and the likes may be kept on radar..It is most likely to be a deep discount sale !

 

[cloudTrader]

SGX Nifty is down another some 120 points

 

[venkatbm]

NIFTY forming Head and Shoulder pattern...

 

[timepass]

Yeah, posted that some time ago. Looks like 10000 is the neckline.

NIFTY forming Head and Shoulder pattern...

View attachment 31501

 

[timepass]

Received a mail from TSO. They are reducing intraday margins for tomorrow.

Looks like a repeat of DeMo day.

 

[cloudTrader]

Received a mail from TSO. They are reducing intraday margins for tomorrow.

Looks like a repeat of DeMo day.

By morning I feel all brokers will be on same track..

 

[Positivetrader]

By morning I feel all brokers will be on same track..

It could be a forced holiday for Zerodha traders !