Just be cautious with the shorts is what ill say since most of the thread participants here seem to be short.
India is growing at 8.5 GDP i want to ask you how many of the countries u mentioned is showing growth like that?.... How many have IIP numbers matching ours.
You are right, aditya with india growth rates. But in a day trading game which is similar to pressure cooker situation, these long term projections does not work.
On May 31, India reported superb GDP growth but markets tanked..why?- Because Europe market felt and our market followed the daddy.
Day trading is more of trick. Hang sang and Singapore both opened lower at 7:30 .m and 6:30 a.m india time. They both rallied after opening.
NF opened lower by around 35 points. After opening lower, NF rallied towards previous close of 5266 and now increasing in 'anticipation' that Europe markets will rise 0.5-0.6%.
I watch these human behavior patterns and these patterns repeat itself again and again.