General Trading Chat

[tradermodified]

Seems like you don't buy ginger / onions / greens / groceries yourselves

Also, there was some policy change restricting palm oil imports so the price of cooking oils is shooting up. I used to by unrefined coconut oil @Rs.320 per kg, but the day before yesterday it was Rs.360 and the shopkeeper said that it would go up 400+ !!!! It seems that the price of raw materials for all the oils has shot up.

Green coconut has gone up from about Rs.50 to 65+

Yes, edible oils have gone up by 10% or so during last 2-3 weeks but are still much lower than what were some 15-18 months ago.

 

[tradermodified]

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on crossing and staying above 51600 to move for 500/700/1000 points.

ltp 51209

BN

On crossing and staying above 52000
BN to move for 52200/52400

ltp 51906

 

[timepass]

Looks like that neckline (on 5min) needs a significant breach.

Maybe Inv. H&S, still a goodly resistance.

 

[tradermodified]

N50/BN

Gap up open likely tomorrow, particularly BN

 

[timepass]

N50/BN

Gap up open likely tomorrow, particularly BN

It closed on the neckline. Let's see what tomorrow brings.

Various state assembly elections on Nov. 13 and 20. I suppose Nov. 20 will be a holiday because of the elections in Maharashtra.

 

[bck2ftr]

Yes, edible oils have gone up by 10% or so during last 2-3 weeks but are still much lower than what were some 15-18 months ago.

CPI data released this week shows, oils have increased 2.5% YoY, whereas vegetable prices have increased 36% YoY

 

[timepass]

This is alarming.

The US retirement system gets a C+ in global study

https://finance.yahoo.com/news/the-us-retirement-system-gets-a-c-in-global-study-230119976.html

Read the part about India.

"Only four countries — the Netherlands, Iceland, Denmark, and Israel — earned an A ranking for their retirement systems, providing key lessons on how to shore up our system. India came in last."