NIFTY CALL - Yesterday's fall came without volumes. That shows 'lack of interest" more than "selling pressure". Such trends reverse very quickly as soon as institutional investors come back.
You see, it is critical to have some conviction. These day to day falls should matter if you day trade. Otherwise, its best to decide if the short term is strong and the long term is strong. The answer is yes. Everything indicates it is strong. There is little floating stock in any major shares as of now. ETF money is strong. The disturbing thing about day to day movements is that it takes you focus away from the main trend
From time to time, there will be games. Those who know there are few institutional investors that day will batter stocks. But a day's rain does not make a rainy season
I would not consider the markets "weak" based on a low volume fall. Having said if markets stay below 6200 for 7-10 days, then the short term trend starts to reverse
You see, it is critical to have some conviction. These day to day falls should matter if you day trade. Otherwise, its best to decide if the short term is strong and the long term is strong. The answer is yes. Everything indicates it is strong. There is little floating stock in any major shares as of now. ETF money is strong. The disturbing thing about day to day movements is that it takes you focus away from the main trend
From time to time, there will be games. Those who know there are few institutional investors that day will batter stocks. But a day's rain does not make a rainy season
I would not consider the markets "weak" based on a low volume fall. Having said if markets stay below 6200 for 7-10 days, then the short term trend starts to reverse
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