
Index / Stocks Trader - #Nifty #banknifty Elliot Waves practitioner 📈 Follow me for Index views | DM for collaborations 💌 #nifty #banknifty
Mumbai, Maharashtra
Joined October 2009
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This is what I am expecting so far...a bottom should be made in 200-300 points range here...
I am long and will grab more if we fall 200-300 points.
Risky but gotta try some contra in this market.
Saurabh Mhase | Niftybuddy retweeted
कळल का बॅलेट पेपर वर का हव्यात निवडणुका...
"महाराष्ट्राच्या राजकारणाचा बदलता सूर..
सतेज कोल्हापूर"
If @INCIndia @RahulGandhi you are serious about Maharashtra, you must must must keep @satejp in the top most tier.
Congress needs a person who understands how elections are won!
Is excess liquidity hurting market performance? 👀
youtube.com/shorts/r05Ttin3Q…
My followers already knew what was coming.
Posted on Friday only along with chart!
#nifty #banknifty
Everyone was shouting for a 800-1000 point rally in Bank nifty.
Clearly told that numbers are good only because of FCNR deposits.
#banknifty #hdfc #axis
Ok it’s a cash market position, not FnO.
I will be keen only if I see some FnO data shaping up to the IPO!
Replying to @kunalsampats @niftybuddy
The “rarest of the rare” refers to two clients holding over 3% each of Reliance’s MWPL (65.87 crore shares) in F&O.
Client 1: first hit 3.32% on 1 Oct, peaked 3.41%, ended Friday at 3.35% (~2.21 crore shares).
Client 2: appeared 9 Oct at 3.02%, peaked 3.17%, ended at 3.15% (~2.07 crore shares).
Aggregate futures/option OI looks normal; these are client-level MWPL breaches, unprecedented for RIL.
First problem with India is:
We give too much importance to politicians.
We citizens run the country, we pay taxes. Our families work hard for what we have achieved in our respected lives.
As indians, we taxpayers have zero benefits from government.
It’s time we discuss business, professions more than anything else.
Once politicians loose the centres stage, we will begin the real journey towards the rich civilisation which India once stood for!
We badly need a brand to push Toyota to give some quality for the money Indians pay.
Toyota never brought their global hits like Rav4 etc to India. They are just selling re-branded maruti with no features and only with better build quality.
Renault has pushed them hard with 1.8 L - 160 bhp strong hybrid 🔥
No more easy money for toyota!
If indian consumer is smart, duster will be the best selling hybrid in india!
#toyota #renault #duster
Yeah exactly the same question I am having. When tide turns… it will be a carnage time.
ICICI Bank's deposits grew 27.1% in Q2.
Strip out NRI dollar deposits raised under RBI's FCNR(B) swap window, and growth is just 17%.
• ICICI raised $17.88 billion, HDFC Bank $11.5 billion, Axis Bank $10.62 billion
• ~$40 billion in 3 banks, about 30% of the entire $133 billion scheme
• Axis: deposits 20.7% → 17%, loans 23% → 19.1% ex-FCNR
• Margins fell at all three
These deposits mature in 3–5 years.
Is the private bank boom real growth or borrowed growth?
#Banking
What’s problem with FCNR?
It has brought too much liquidity to the system, although RBI is taking measures to tighten this.
What happens when too much liquidity enters banking?
Loans are given to people/enterprises who are at par or in lower band of credit score.
What happens then?
It increases chances of starting a new NPA cycle
Add interest rate hikes to this situation. Which makes it worst going ahead.
So liquidity management is the key now. Although effect of this will not come asap. It will take almost a year to see whether banks are managing it well or not? #FCNR #Banking
Banking results were expected to be good due to FCNR deposits.
ICICI bank - As always very good
Axis - Good results
Hdfc bank - okayish to good
Well I will be keen to see how markets react to it because there’s an FCNR bump into the numbers.
Markets are fwd looking, looking at inflationary scenario and interest rates hike, I will watch the results impact keenly on the bank nifty!
#banking #HDFCbank #ICICIBank #Axisbank #Banknifty
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