Why upper circuit???

Dear Friends,
Going through some international sites and reading their views, I found that upper circuit in an index is not applicable anywhere else in the world.
This is actually surprizing that we are 18% above from previous day with only 3000 cr. turnover (in fact only 300 cr in equity segment and that is 1/10th of the normal days). It is highly possible that market manipulators forced the market to go up and break the upper circuit twice,thrice...to boost the sentiment of a retail investor who were sitted sideline today...and can wildly put their orders in coming days and get trapped.
In fact circuit breaker AAG MEIN GHEE KA KAM KARTA HAI chahe woh lower side ho ya upper side.
Trading should not be stopped today in my views and then we could see the correction later today... it was totally wrong to stop the trading...

Your views expected...

regards
Abhi
edit: i was also unable to place my sell order even in a lower ask amount...

You are right in my point of view. Also trading session lasted only few second and in that time frame who can place the order?.retails accounts are not so fast at executing order. Only institution has fast oder execution systems. They would have not stop trading

For that matter why have circuits either way??

There was a mad rush to cover shorts and place fresh buy orders at the same time and such in-balance between supply and demand would make the market go up like crazy. Inflation of price beyond a certain level needs to be stopped, hence the filter.

The next day, margin requirements were almost doubled forcing many to book profits or pay extra margins. That gave room for trading the next day. If u remember, SGX nifty was trading at 4600 plus levels before start of trade and we started the day with tremendous selling pressure forcing us to go down by 100 points in nifty and then normal trading resumed. We ended the day with the highest volumes in history. Sensex traded in a 1000 points range that day.

Absence of the filter would take nifty beyond 5000 levels on day one and then crash with the wave of selling. Regulation is required to bring sanity in a game of sentiments.

Artificial regulation works only in the short term thats why most international markets have done away with it.

International markets dont have our kind of sentiments, I guess. Plus there is very little room for surprise for everything including elections hardly differ from the exit polls or their expectations.

Our market is still in its infancy compared to those markets and someday when SEBI feels the participants are matured enough.... they will do the needful...!

Plus i think most markets have a lower circuit. Not sure about the UC though...

This is not the sentiments, clearly say naa yar "WE ARE GAMBLER AND THEY ARE INVESTOR", we want to make our money double/triple in just few hours/days. :lol:
Lower circuit is applicable almost everywhere but upper circuit is not applicable in the most of countries.
I feel that we are the biggest gambler and HANGSENG is the second one.

We do have a tendency to gamble.

I still find it difficult to accept the 650 points gap up and this big gap needs to be filled. Imagine if we ended with 5000 in nifty and then crashing down to fill this gap. The UC saved the market from crashing indirectly.

any one can tell me how can i post my querry regarding stock market in traderji.com