What a Crash !!!

nitinku5021a · #1 18th October 2007, 07:06 PM

Hi All,

Well I wonder ..why no thread still for today's crash.....what happened ..whats the reason....i m clueless....morning mkt touched its all time high level and then suddenly...around 1PM the nose dive fall begin and i m stuck now....thought the worst is over n took long position

well.........members plz pour in ur views...

Nitin

ayurakshapad · #2 18th October 2007, 07:15 PM

Quote:

Originally Posted by nitinku5021a

Hi All,

Well I wonder ..why no thread still for today's crash.....what happened ..whats the reason....i m clueless....morning mkt touched its all time high level and then suddenly...around 1PM the nose dive fall begin and i m stuck now....thought the worst is over n took long position

well.........members plz pour in ur views...

Nitin

dear,
me too.
however made money in earlymorning.
& now trapped after 2 wen nifty wasdown 100 by thinking itsasimple profit booking, now stuck wid long positions in nifty.........
now my eyes r on reliance. may be koi karishma
vaise bhi we r watching new new things in this market

bombaytrader · #3 18th October 2007, 07:46 PM

Clearly todays fall was led by FII's selling anyone can tell you that. I think there is expected to be a further fall tomorrow. However I think that tomorrows fall should be used to buy select stocks as by Monday we could see some sense coming back into the market considering everything remains fine internationally and domestically and there are no new alarming statements or policies made by anyone. The results so far have been as expected by and large, and the ones like that of reliance have been good. And like all falls in the past recoveries are just as swift as the falls.

nitinku5021a · #4 18th October 2007, 07:47 PM

Nice to know u made profit at morning hours. I took long positions yday thought its one day sale bought heavily for my investment account just to see a bigger sale on my way.

many things to learn in the market...long way to go. total 11k difference in my portfolio from morning to evening. too much

Czar · #5 18th October 2007, 08:42 PM

sorry to disappoint those looking to blame the fii's as they have sold less than half of what they sold y'day... even today's advance / decline are better than y'dAy

pkjha30 · #6 18th October 2007, 09:10 PM

Quote:

Originally Posted by Czar

sorry to disappoint those looking to blame the fii's as they have sold less than half of what they sold y'day...

Are you sure Czar. Check this chart at investbulls

http://www.investbulls.com/news.php
pankaj

Czar · #7 18th October 2007, 09:20 PM

yes Dada, I am talking about net sell, both in cash & futures their net sell is lower than y'day. even in the site which u posted, the gap between buy sell is higher y'day than today, check it.

uasish · #8 18th October 2007, 09:30 PM

How many 'V' shaped single day deep correction we have seen in say 1000 charts ?

Czar · #9 18th October 2007, 09:37 PM

true thats's why i said in your thread that your precaution was much warranted... even though you later thought it was wrong , cause you are a day trader & others reading are not...

uasish · #10 18th October 2007, 09:39 PM

Yesterday i got scary before the mkt opening & anticipated a Double circuit ,so obsscesive Fear to loose money (due to past 1st circuit memory which left a deep scar) prior to opening clouded my mind & missed few oppurtunities but to-day was well prepeared.