Day Trading Stocks & Futures

DanPSup

Hedge Strategy Trader in Options and Futures
Why suddenly downtrend in market ??? Is something happened ???
Point one: It is because of "COVID-19 Coronavirus Outbreak", which was told it would reach the peek on mid February. Now it is clear it will take much more time, even the numbers of infections officially go back. Still there is no proved medication nor what so ever found against the virus. Until they have such a tool, it will take around 1.5 year. This is the average time to find such antidote During this time, doctors just can do what they believe is best, but not much else.

Point two: The international trade relations with China now starts to become complicated, as many factory's do not work at full and many airlines have canceled all the flights to China. This means also trading volumes have now turned down and this starts to show effects all over the world in many countries economies. The situation is still unclear, but it is already proved and seen this pandemic has now a bigger impact on the worlds economies ever expected before.

Point three: Should we panic? No, in no way. Even if the virus is not handled in one or two years, then it will be known as an other virus like flue or what so ever. The Chines do all they can now, after doing a bad job at the begin by trying to conceal the outbreak of a new virus. If China, the mainland of the pandemic is able to control the virus, then there should be no problems for the rest of the world. If the virus finds a way to get homeland outside China with not being recognized in the right time, then we have a new situation.

Point four: Should you now go long or short? Decide on your knowledge and experience you have on chart analyses, fundamentals and strategies. If you feel unsure, concentrate on the senior traders here in this forum as they survived for a long time in the market.

All the best DP
 
Investors sold DMart at higher prices with the idea that they can buy it back when selling comes near closing of its OFS.The stock went near its cutoff price at Rs 2316 and when the selling was absorbed, it bounced back to close higher....hope investors bought in the dip and not waited for " still lower prices".

Smart_trade
 

siddhant4u

Well-Unknown Member
Yes Bank to be dropped from Nifty 50 from 27 March; Shree Cement to move in
1 min read . Updated: 18 Feb 2020, 06:43 PM ISTPTI
  • Adani Transmission, IDBI Bank, Info Edge (India) Ltd, Larsen & Toubro Infotech and Torrent Pharmaceuticals would be added in Nifty Next 50 index
  • NSE Indices' Index Maintenance Sub-Committee has decided to make the replacement of stocks in various indices as part of its periodic review
 
Whatever may be the reason(s),
but as per my tukka view,
NF and BNF should be positive, for next 2 days,
to say the least.
 

XRAY27

Well-Known Member

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