Well, are we part of an open market integrating with he world markets, or is there an interventionist system at work.
Thanks to political imperatives, there was meddling with cement prices and then gas prices saw two steps back.
All these counters dragged the Nifty down on Thursday/Friday, starting this move.
Reliance copped out big time post the RPL listing, last couple of days.
Major tech counters have not been kicking in lately.
ONGC is usually played and manipulated.
ITC/HLL are seeing profit booking as are many others.
This is what's been going on mainly with the Nifty counters the last three sessions. Nothing untoward happened.
So if the market goes into a strong bout of profit booking, there is no call to panic.
Those who adhered to stops, would have lots of cash in hand to run about in glee once at least a relief rally comes in.
For the rest, hang in. There is nothing really gone rotton on the fundamental picture suddenly. Strong counters would attract strong buying by and by, in whatever 'cap'.
Today the metals/commodities copped out across the world and markets took a strong beating.
We got beat the hardest, but hey, we've been winning the hardest too.
Our markets just couldn't handle the pressure that came from everywhere today. We are part of a bigger system, even if we have carved out our own unique character.
Don't go long, but don't take new shorts either.
Be safe.
Thanks to political imperatives, there was meddling with cement prices and then gas prices saw two steps back.
All these counters dragged the Nifty down on Thursday/Friday, starting this move.
Reliance copped out big time post the RPL listing, last couple of days.
Major tech counters have not been kicking in lately.
ONGC is usually played and manipulated.
ITC/HLL are seeing profit booking as are many others.
This is what's been going on mainly with the Nifty counters the last three sessions. Nothing untoward happened.
So if the market goes into a strong bout of profit booking, there is no call to panic.
Those who adhered to stops, would have lots of cash in hand to run about in glee once at least a relief rally comes in.
For the rest, hang in. There is nothing really gone rotton on the fundamental picture suddenly. Strong counters would attract strong buying by and by, in whatever 'cap'.
Today the metals/commodities copped out across the world and markets took a strong beating.
We got beat the hardest, but hey, we've been winning the hardest too.
Our markets just couldn't handle the pressure that came from everywhere today. We are part of a bigger system, even if we have carved out our own unique character.
Don't go long, but don't take new shorts either.
Be safe.