Discover and read the best of Twitter Threads about #myview

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1/n #YES bank, some thoughts and views.

This is a communication failure. You don't impose a moratorium on a major bank without a clear end game.

Markets hate uncertainty.

It will create panic. RBI's goal should be to not create unnecessary panic.
2/n #UnintendedConsequences

50k withdrawal restriction is presumably to prevent run on the bank and buy time.

Depositors don't like arbitrary restrictions. Every depositor will withdraw 50k.

It will create a mini-run. I hope they are prepared.
3/n #WhatShouldTheyHaveDone

Get everyone in a room, and come out only with a complete solution (bailout, buyout whatever).

Has been done before by Volcker and JPMorgan.

Cannot play this out in the public domain over days. Crucial trust is lost in the banking system.
Read 22 tweets
#myView Flat opening it seems, PSU looks like will bleed but BNF might get the hold due to private banks.. HDFC Axis, kotak looks for buy while SBI is now moved to sell.
:) Flat Image
#myView Analysis was completely wrong today and hence algo's developed also got into the wrong foot today. . HDFC, KOTAK bleed while SBI gained. PSU also gained a lot.. made losses today but it's okay... part of Business. Image
Read 3 tweets
Today was a very Volatile session. Banks and financials took the hit and gain at the later 2nd half session. #MyView #Nifty A mild Bullish setup is in picture, there's no particular trend but RSI is rising. Monday opening is critical, if opens above 11300 then bullish to 11500 Image
Monday opened higher.. as mentioned, it was a bullish setup initially and touched high of 11426. then falling back at later session, but closed at 11341 which looks to me as bullish. Tom morrow is a TREND day as per #myView Image
..Indeed was a trend day ... see the bullishness of the candle and the trend ImageImage
Read 3 tweets
#BNF #myview Trading Plan(12-Feb-2019) BNF CMP - 27227 View - Bearish but VIX (15.84)<16 which is dicey. BNF could not hold 350/400 zone and came back to 27227. If first 1 hr, BNF breach the 27165 level then 27000 break is possible then 26759 - 26573. (SELL ON RISE)
If 27275 is broken Then 27321 - 27421 level can be reached. (BUY ON DIPS)
BNF opened low. at 27166 and breached 27000 level. SELL on RISE was the trading plan which worked just fine. Image
Read 3 tweets
#Bnf #tradelog #myview. expecting a down move , Image
this kind of pattern shows move to either side, but since the trend is on down side and 200 ema still not broken, with a strong resistance at 26800 , expecting a down from here
Its having break out - exiting position Image
Read 3 tweets
#bnf #myview - BnF was able to hold the 27446 level last week . expecting a gapup opening on monday to 27625 strong support zone around 27350 Image
If gap up then wait for dips and go long#
if gap down then sell on rise only if 27446 level is breached and comfortable close below 27340 levels

If flat - buy at dips
#bnf is H&S in weekly charts- pattern is at final state for big downfall Image
Read 6 tweets

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