@AnilSinghvi_ The move was zigzag inhad put SL pf 10 points only but lost 36 points and loss of 18597 in less than 10 sec , everyone trades with SL lot and move in 77800 pr was 100 points updown in seconds not many retailers carried options till end it went up from 380 to 1000 high, #closecas
@AnilSinghvi_@ZeeBusiness you never discuss retail investors issues candle of premium and spot or future not in sync infact opposite in expiry, high taxes in STT Transaction charges just laughing and time waste
@ICICI_Direct Please take audience questions also about BNF move today and expected tomorrow , today at least 3 4 times BNF failed to cross 54100 and in 1 candle false breakout and downward movement of 400 points ? Is it operators at best or something else , how to trade on either side
@ICICI_Direct Today bnf and NF was mostly range bound bnf repeatedly failed to cross 54100 , and 1 or 2 candles there's was movement of 54247 for a bit and down to 53850-900 , please if you can explain
Gold comment: #Gold lost altitude after newswires reported the #PBOC after 18 months of non-stop buying paused their purchases in May. China, a major driver of the gold rally in the past year, is nowhere near done buying gold, but the pause also highlights they are humans, balking at the prospect of paying record prices. Also, the recent attention paid to Chinese private buying has likely thrust them into a spotlight they normally avoid. Overall, gold is still consolidating and the news will likely prolong that phase, but overall the long-term bullish outlook has not changed. If we get a weak jobs report today, the increased focus on US rate cuts could see ETF investors pick up the baton that the PBOC temporarily in my opinion has dropped on the floor.
From a technical standpoint, the key area of support remains around $2,275, the May low and 0.382 Fibo of the run up from February.
@AmannaPrerana I agree with you @AmannaPrerana , capitalism is the only way forward, what we need is not forced caps but checks and balances to keep fraud practices and over inflated bills in check, many hospitals overcharge specially customer is Insured