Re: Shocking Up Move On Friday 13th March 2009
Ganesh,
Further.....firstly, Market is mainly moved up and down by Market Movers (FII, DII etc big boys) and retail or individual traders/investors have very minimal effect in it...
..secondly and most importantly...they do not move the price based on just (low/high) prices or fundamentals(co, eps, results) or sometime even economical scenarios but mainly sentimental based....they use the sentiments in such a way that they can extract maximum benefits out of that...when there are more and more sellers (oversold) or market becomes extremely bearish they buy at low price and move the sentiments on upside, trap the retailers and then sell them at higher price and vice versa...
Ultimate aim for Market Makers is to earn money out of the market almost everyday by moving it up and down bidirectionally (most of the time senselessly) in such a way that to trap more and more retailers (or even rival big boy camps) for obvious reasons.
There is known fact that 95% of retailers keep loosing money..because often a time they are late comers in the game and pay the price of getting trapped at too bottom or too high levels (Dec 2007 high of 21000 and Oct 2008 low of 8000 are best evidences)...Market is just like a casino whether we accept it or not..every move is calculated and not in retailers hands...all we can do is..if market does the cha-cha we do it too (ie follow the trend) !
Dear Nisha
Thanks for your important feedback ......infact bears were badly hit shorting stocks and finding no way to exit on Friday 13th 2009 ......
Even I only dare to short at 2700 levels and luckily nifty came back to 2694/86 twice and given me oppurtunity to exit booking 10 rupeese profit lol ........
But once it sustained above 2700 I was stunned ohhh my GOD what is this ........no one was buying at 2575 and at 2700 everyone is buying lol
Hope as you even agree that downtrend has not yes stopped and Indian markets will see atleast 2400 Nifty and 7000 sebnsex if not below .........
Thanks
Ganesh
Thanks for your important feedback ......infact bears were badly hit shorting stocks and finding no way to exit on Friday 13th 2009 ......
Even I only dare to short at 2700 levels and luckily nifty came back to 2694/86 twice and given me oppurtunity to exit booking 10 rupeese profit lol ........
But once it sustained above 2700 I was stunned ohhh my GOD what is this ........no one was buying at 2575 and at 2700 everyone is buying lol
Hope as you even agree that downtrend has not yes stopped and Indian markets will see atleast 2400 Nifty and 7000 sebnsex if not below .........
Thanks
Ganesh
Further.....firstly, Market is mainly moved up and down by Market Movers (FII, DII etc big boys) and retail or individual traders/investors have very minimal effect in it...
..secondly and most importantly...they do not move the price based on just (low/high) prices or fundamentals(co, eps, results) or sometime even economical scenarios but mainly sentimental based....they use the sentiments in such a way that they can extract maximum benefits out of that...when there are more and more sellers (oversold) or market becomes extremely bearish they buy at low price and move the sentiments on upside, trap the retailers and then sell them at higher price and vice versa...
Ultimate aim for Market Makers is to earn money out of the market almost everyday by moving it up and down bidirectionally (most of the time senselessly) in such a way that to trap more and more retailers (or even rival big boy camps) for obvious reasons.
There is known fact that 95% of retailers keep loosing money..because often a time they are late comers in the game and pay the price of getting trapped at too bottom or too high levels (Dec 2007 high of 21000 and Oct 2008 low of 8000 are best evidences)...Market is just like a casino whether we accept it or not..every move is calculated and not in retailers hands...all we can do is..if market does the cha-cha we do it too (ie follow the trend) !