Hi Guyz,
I am not professional analyst ! but i would like to share my opinions with most traded stocks @ EOD. Please give your valuable inputs so that we can share the knowledge for which we are here !
So Today Rock star is Aban Offshore
I did some research on why this stock climbed so quickly, what i believe is today
1) the news of Aban bagged order to deploy 3 jack up rigs which will generate revenue of 3000 crore rejuvenated the traders.
2) lot of traders were on short assuming the market will fall and they can make good profit from it got panicked and blindly started squaring their positions and also today is expiring day of their option also.
3) FIIs who are main culprits for sudden changes in markets are now pouring money into oil & gas field. Stock of HOEC who declared oil production from its PY-1 field is hitting upper circuit for 3 consecutive days.
i feel FIIs are manipulating market and we won't be surprise if we can see sudden fall in next few weeks.
Guyz please give your observation and comments also.
I am not professional analyst ! but i would like to share my opinions with most traded stocks @ EOD. Please give your valuable inputs so that we can share the knowledge for which we are here !
So Today Rock star is Aban Offshore
I did some research on why this stock climbed so quickly, what i believe is today
1) the news of Aban bagged order to deploy 3 jack up rigs which will generate revenue of 3000 crore rejuvenated the traders.
2) lot of traders were on short assuming the market will fall and they can make good profit from it got panicked and blindly started squaring their positions and also today is expiring day of their option also.
3) FIIs who are main culprits for sudden changes in markets are now pouring money into oil & gas field. Stock of HOEC who declared oil production from its PY-1 field is hitting upper circuit for 3 consecutive days.
i feel FIIs are manipulating market and we won't be surprise if we can see sudden fall in next few weeks.
Guyz please give your observation and comments also.
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