can you explain it in detail..
And i also have an doubt...
IFCi closed 105 (i.e) the market is closed.
and next day it opened at 75 ...
how is it possible....... is there any buying or selling happening even after the market is closed.
If yes how. can we do trade even after the market is closed.
Kindly throw more light on it.........
Hi, Heres some light for u
Suppose u go to buy potatoes.
price 15 rs per kg at 9 pm
next day, there is huge supply comming in from neighbouring state, early morning, and traders are willing to buy potatoes only at 9 rs per kg.
You go to buy potatoes at 1 pm that day and the price is 12 rs per kg!
WHAT!!!!!!!!!!! yesterday it was 15 and now its 12!!!!!!!!!!!!!!
Did someone sell potatoes in huge quantity?
No, people just wanted to buy at 9 per kg, there were maybe no transactions above that because the trucks were being offloaded in front of all traders.
So, moral of story, it did not mean that some roadside vendor went at 4 am and sell a few truckloads to drag price down to 9 rs per kg.
PS: I just came back shopping for vegetables
so.... the analogy in these terms
PPS: Its nice to take a break