Folks,
On the ongoing round table of RIL......
First thing to understand is Price of RIL is NOT going down because of SEBI Investigation....
During November & December is usually when we see some correction for reasons....posted earlier....& several times....
This is the period when the 'Hot Money' Hedge Funds who are Short Term Players & Intraday Players become a little more aggressive in terms of their trading... to gain as much before closing the account books (U.S. Financial Year Ends 31st December) so they can maximize their Bonus & etc. for that extra spending during the holiday season.... and whatever else they may have promised their spouses & girlfriends.
Check the weightage of RIL, ONGC, SBI & INFY..... on NIFTY 50
While ONGC float in the market is a meagre 5% rest being held by GOI...
RIL - here the case is different in terms floating shares.... considering it is widely held by the Investor community.... but most Individuals Investors who Hold RIL... would rather sell their house instead of RIL.... as a result of such emotional attachment it has become a low float in the markets... and doesn't take huge amount of selling to move the markets.... it is almost at will...
By virtue of it higher weightage on the Index it doesn't require too much selling to move the market by a couple of percentage point in a day.... in conjunction with ONGC, INFY & SBI...
People discuss operators ...moving this scrip or that scrip.... please understand.... the biggest Operators of Our & Any Markets In the World... Are Mutual Funds, FIIs.... Including Hedge Funds of All colour & size....
Our MFs are just Pimps... of FIIs... so don't even try and argue the point quoting returns... You folks have no idea... how much money could have been earned.... instead... arguing about returns of MFs compared to Interest offered by Banks on FDs....
If you all need proof of how much can be earned... suggest form a co-operative... with a corpus... & I will do the Investing & Trading... to show what can be earned.... as usual...Free of Cost
Understand the Power of Collective Action.....is all that is required.
Happy & Safer Investing/Trading
SavantGarde