Tell any stock market savvy person that lefts have joined the government or serial blasts in Bombay or war situation in middle east or new RBI credit policy, immediately he would ask how many points Sensex moved?
Situations like changing governments that do not suppoert liberalization, could be a big thing. Stock market crashed more than 200 points. Trading was stopped for a while.
Well, times have changed my friend. Two years is a considerable time. I agree, looking at the percentages, you might say it is just 7% down. But, when its big, a small percentage of change also effects.
Look at small investors who entered the markets at 12000 levels, hoping for 13000 or worse (rather best) 16000 levels. And if the market goes down 850 points in a single day who is protecting them?
Subscribe to:
Post Comments (Atom)
1 comment:
This is not technical research which is driving this run at sensex today.
but I think its a market sentiment. This is the same sentiment which effects the sensex on the govt change or a war event. But this time the sentiment is probably more technical :-) (taking Cues from world markets, fed int rate hike predictions etC)
Post a Comment