General Trading Chat

[shri_r3]

On this Guru Purnima day I wish to thank all my teachers here at Traderji who have taught so much about trading, investment, systems, software,physcology, philosopy and many more things and life in general.

Thank you all for generous sharing of knowledge and wisdom.

 

[timepass]

Has NF just made a double top ??

 

[timepass]

The averages turn down a bit in both the indices, but basically everything seems sideways to me.

 

[timepass]

Federal Bank results are out. Good results, so naturally the market goes down

 

[timepass]

Nifty is just about touching its 15ema. Maybe this will result in fresh shorts being born.

But I think that nifty will only do timepass this week because Reliance numbers will come out on Friday.

 

[timepass]

Federal Bank has almost fully digested the results impact and is now looking to go into positive zone.

What does the daily / weekly say about this scrip ?

 

[siddhant4u]

http://imd.gov.in/pages/monsoon_main.php?adta=PDF&adtb=7

rainfall this year is very low. June till date railfall in most regions is 35-40% lower then usual !!

Time for higher food inflation?

 

[timepass]

http://imd.gov.in/pages/monsoon_main.php?adta=PDF&adtb=7

rainfall this year is very low. June till date railfall in most regions is 35-40% lower then usual !!

Time for higher food inflation?

Before that, I think time for another interest rate cut by RBI in August.

The rainfall will be calculated at the end of September, the figures are likely to change wildly till then.

 

[siddhant4u]

They don't change wildly. The figures are for railfall between 1 Jun to 15 July. And shortfall is for these period only. As monsoon progress for rest period it has to rain more then 150% to cover the shortfall (which create other problems of washed-out crops or worst, flood.)

edit: Indian IMD's "Normal" failfall varies 20% !

 

[timepass]

Then perhaps we should check the data for the preceding 2-3 years to find the trend.

Anyway, I think that IMD too is a trader in the markets

They don't change wildly. The figures are for railfall between 1 Jun to 15 July. And shortfall is for these period only. As monsoon progress for rest period it has to rain more then 150% to cover the shortfall (which create other problems of washed-out crops or worst, flood.)

edit: Indian IMD's "Normal" failfall varies 20% !
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