Traderji Twitter : Debarghya Mukherjee

[Debarghya Mukherjee]

What about unusual movement of yesterday? What fundamental reason can justify yesterday bull move? It did no correction. Just sharp bull move.

It has some impact on todays market too.

Or there were some fishy business yesterday by big shark of the market?

RBI did nothing to the market. RBI's intervention in currency market was known throughout the day. Then RBI credit policy came as expected. There was nothing unexpected in RBI policy . The market went up on announcement of the policy. But as the major hurdle was out of the way, the underlying trend re-surfaced. As traders we need to remember that market can reverse anytime and be prepared to reverse with the trend.

The panic was because in the morning many people bought but they did not liquidate when the market started crashing . If you see the VWAP of Nifty Futures, the difference was 125 points in the end. Which meant that lots of positions were made at higher prices.Bulls got frozen by the sudden reversal and they held on to their loosing positions till the end and in last few minutes all round panic set in.Some programmed selling , some margin selling....all added fuel to the fire.


Smart_trade

 

[Smart_trade]

What about unusual movement of yesterday? What fundamental reason can justify yesterday bull move? It did no correction. Just sharp bull move.

It has some impact on todays market too.

Or there were some fishy business yesterday by big shark of the market?

Markets don't go up and down on fundamentals alone atleast in short term. Markets also don't go down in a straight line. Markets breathe like living things. In downtrend they go down in impulse and then come up in corrective move. Yesterdays upmove was a rally after a downmove, we get such sharp rallies in bear markets. Now analysts will say the market went up because it was expecting some thing positive from RBI policy. RBI gave a positive indication that the interest rates trajectory has reached its peak.But inspite of that "buy on expectation and sell on news " happened after the policy was announced.

Market moves are not controlled by some sharks /fishy business etc....

Smart_trade

 

[Debarghya Mukherjee]

Market moves are not controlled by some sharks /fishy business etc....
Is it so? I think if there is water fishes will be there. And market is an ocean sharks live here.

Ya market breath like a living being. But breathing means getting air in and out. Major move with minor correction.

But sometimes market moves like "BABA RAMDEV". Once the air is inside nothing coming out, after a long time, that is after a long bull run.

You understand what I am pointing.

Markets don't go up and down on fundamentals alone atleast in short term. Markets also don't go down in a straight line. Markets breathe like living things. In downtrend they go down in impulse and then come up in corrective move. Yesterdays upmove was a rally after a downmove, we get such sharp rallies in bear markets. Now analysts will say the market went up because it was expecting some thing positive from RBI policy. RBI gave a positive indication that the interest rates trajectory has reached its peak.But inspite of that "buy on expectation and sell on news " happened after the policy was announced.

Market moves are not controlled by some sharks /fishy business etc....

Smart_trade

 

[Debarghya Mukherjee]

control inflation ---- > increase interest rate
debarghya_mkr: increase interest rate ---- > slow down economy
debarghya_mkr: slow down economy ---- > low market report like bad bad earning reports, growth reports
debarghya_mkr: bad news in market from report ---- > market more down

 

[Debarghya Mukherjee]

No market movement today. Only slight up move after breaking range. Even EURO didn't give our market support. PIG day for Indian market



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[Debarghya Mukherjee]

The so called experts almost always give wrong advice.No one should never go by their advice. It is just by chance that ones advice can turn out to be right. In nutshell no one can predict where the market will move. There are so many factors that influence the markets. These people who say market can go southwards by another 10 -15% used to say the same when the market was 3000 points higher



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Market grows for continous 2-3 days and expert start saying there is a strong visibility of market moving up. and the next day when it continous to be down then same expert says (There is always been turbalance) .....Freak they are not sure about where do they stand and commenting on market turbalance. ....



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[Smart_trade]

The so called experts almost always give wrong advice.No one should never go by their advice. It is just by chance that ones advice can turn out to be right. In nutshell no one can predict where the market will move. There are so many factors that influence the markets. These people who say market can go southwards by another 10 -15% used to say the same when the market was 3000 points higher



-------------------------------------------------------

Market grows for continous 2-3 days and expert start saying there is a strong visibility of market moving up. and the next day when it continous to be down then same expert says (There is always been turbalance) .....Freak they are not sure about where do they stand and commenting on market turbalance. ....



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Nothing wrong in that. If the trend is changing and if these experts change their views as per the trend,it is a correct thing to do. They are giving their views as per the trend at that time. If currently someone saying market trend is down so markets are likely to go down he is correct but after 3-4 days of upmove the trend may change and do you still want them to hold their bearish views ? If they stick to their earlier bearish views you will say that these experts are rigid and they are not considering what the market is doing.....they should consider the market realities etc......If you want them to stick to their views irrespective of the market trends or predict what the trend will be in future then only the astrologers can be best market analysts.....

Smart_trade

 

[Debarghya Mukherjee]

I have some very deep down meaning in my post. May be you have missed my point here. never mind.

Nothing wrong in that. If the trend is changing and if these experts change their views as per the trend,it is a correct thing to do. They are giving their views as per the trend at that time. If currently someone saying market trend is down so markets are likely to go down he is correct but after 3-4 days of upmove the trend may change and do you still want them to hold their bearish views ? If they stick to their earlier bearish views you will say that these experts are rigid and they are not considering what the market is doing.....they should consider the market realities etc......If you want them to stick to their views irrespective of the market trends or predict what the trend will be in future then only the astrologers can be best market analysts.....

Smart_trade

 

[Debarghya Mukherjee]

THIS IS FOR ALL MY NEAR DEAR FRIENDS OF TRADERJI​

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[Debarghya Mukherjee]

What is the future of IT consumption in India? Any idea from any of you?