Day Trading Stocks & Futures

soft_trader

Well-Known Member
Last edited:
Why on Monday Nifty has fallen 12-13% while week before that Nifty was appearing to made short term bottom around 7800-8000. Nifty was very much resisting to go below 8000 before that. But on monday Nifty opened around 1000 point gap down, Only explanation can be lockdown news was leaked to Big guys , so the kneejerk reaction.

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In case you didnt notice, world markets are in a downward spiral since a month due to epidemic called corona. Indian markets were following suit and "market going down" was not a news anymore.

After modi's announcement of "nationwide lockdown" (which happened on Tuesday 8 pm, in case you missed it) most experts predicted a "bloodbath" next day. That didnt happen next day or the day after.

Lets not blame the "big guys" when there is no point to make :)
 

checkmate7

Well-Known Member
So

Sometimes I feel these economic numbers are all nonsense. Market goes up when it wants to and goes down when it wants to.
Just wait and watch the show :) :)
 

siddhant4u

Well-Unknown Member
In case you didnt notice, world markets are in a downward spiral since a month due to epidemic called corona. Indian markets were following suit and "market going down" was not a news anymore.

After modi's announcement of "nationwide lockdown" (which happened on Tuesday 8 pm, in case you missed it) most experts predicted a "bloodbath" next day. That didnt happen next day or the day after.

Lets not blame the "big guys" when there is no point to make :)
Only time could tell if this is recovery or pullback. Indices falling 5-7% every day so could go up by same amount too.

meanwhile whoever bought at low are booking profit too as 20-30% return in blue chip stocks in 2 days is not 'normal'
 

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