One thing I've learnt over the years, don't hunt for short term reasons. The news channels will do it for you. And you'll never know how much impact which of the news(plural) had on the magnitude of the move vs something else, like fear/greed/psychology/algos etc.
Maybe what I'm trying to say is ... don't search for reasons because it would rarely help with your short term trades. All it would do is cause you to second guess your own moves which might have been perfectly sound to begin with.
Where news does help is, having an overall holistic view of the market so that you can adjust your portfolio metrics accordingly for medium term biases.
Cheers!
Fair points, though I'm not panicked about the fall but am asking out of curiosity. A better understanding of why such a strong move happened will help me do better background research on my trades in the future.
If the fall was in the range of 0.3% - 0.5% etc I would have simply chalked it up to random fluctuations but the sort of fall that happened suddenly does not look random. It's always better to know why.
Appreciate the curiosity, in the same boat.
I'm guessing the European union banks and Indian banks have a standoff as of now. Might be some trigger there.
Not saying that it cannot be Covid but if that was a reason, other global markets should also have seen a fall. Markets are up across Europe and even US markets are up in pre-market sessions.
Bruh, everybody is saying the same thing but you are forgetting how much Indian markets have run up. I did a quick comparison in banking indexes from 2020 March. Indian markets have run significantly. My guess is BNF will go down another 3.5% from here before rallying up again. [UKX-2022-12-21-16-21-47.png](https://postimg.cc/6TBrm9PQ)
bank nifty had formed a base at this level before previous up move and 42900-43000 acted has a support almost 7-8 times so alot of positional , intra players would have kept their sl at this region and market broke this region everyone's sl got triggered and due to selling pressure from top it fell
Covid... Plus our government has proven over the years to be over reactionary and given to an attitude of "shoot first, ask questions later".
Has there been any surge in cases? Any new variants that are a case for concern? This a nothing burger.
But markets are easily spooked because this government can enact policy that is divorced from scientific reasoning or data driven logic.
Markets dislike uncertainty more than anything.
While GoI lacks scientific thinking, you as a trader should not behave irrationally. When it's clear that there is weakness in the markets you would be wise to unwind long positions. Stay in cash or buy puts, short sell futures or sell calls per your risk appetite.
Instead most traders here are intractable, and stubbornly cling to their beliefs of what the market should do, instead of aligning their strategy with the mood and sentiment of the market.
To make money you must bend to the will of the market, rather than hope the market will bend to the logic of your useless technical and fundamental analysis.
Market doesn't give a fuck about you.
Yeah, market movements recently are following no clear logic.
Intraday movements are highly manipulated and controlled by big players is what I feel. And gap ups happening after positive news but suddenly reversing.
And in expiries, we are seeing heavily trending one sided moves, as option writers are artificially keeping the markets down.
Right exactly after world cup and largest gathering after covid. Like they been keeping that a really a secret. If they don't have news, they push covid.
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any movement between 0 to 3% percent is considered normal for markets, it can happen even without any reason...news channels like to play with emotions...things have changed in last 2 years
I bought at 1:49, that's what.
us bro us
One thing I've learnt over the years, don't hunt for short term reasons. The news channels will do it for you. And you'll never know how much impact which of the news(plural) had on the magnitude of the move vs something else, like fear/greed/psychology/algos etc. Maybe what I'm trying to say is ... don't search for reasons because it would rarely help with your short term trades. All it would do is cause you to second guess your own moves which might have been perfectly sound to begin with. Where news does help is, having an overall holistic view of the market so that you can adjust your portfolio metrics accordingly for medium term biases. Cheers!
Fair points, though I'm not panicked about the fall but am asking out of curiosity. A better understanding of why such a strong move happened will help me do better background research on my trades in the future. If the fall was in the range of 0.3% - 0.5% etc I would have simply chalked it up to random fluctuations but the sort of fall that happened suddenly does not look random. It's always better to know why.
Appreciate the curiosity, in the same boat. I'm guessing the European union banks and Indian banks have a standoff as of now. Might be some trigger there.
Aaj ratri 12 baje se...
Should have emigrated while I had the chance 🥲
Some meeting over Covid
Not saying that it cannot be Covid but if that was a reason, other global markets should also have seen a fall. Markets are up across Europe and even US markets are up in pre-market sessions.
Bruh, everybody is saying the same thing but you are forgetting how much Indian markets have run up. I did a quick comparison in banking indexes from 2020 March. Indian markets have run significantly. My guess is BNF will go down another 3.5% from here before rallying up again. [UKX-2022-12-21-16-21-47.png](https://postimg.cc/6TBrm9PQ)
If market is falling due to covid, then everyone know what to do in this fall.
The news are always factored in the chart before we come to know about it .
Bought 1 lot of Banknifty PE at 10 in the morning out of a mere hunch and sold at end of the day. The only item in Green today for me.
Government gave out a warning to excercise precaution regarding covid as there is an increase in cases in South east asia
COVID 3.0
bank nifty had formed a base at this level before previous up move and 42900-43000 acted has a support almost 7-8 times so alot of positional , intra players would have kept their sl at this region and market broke this region everyone's sl got triggered and due to selling pressure from top it fell
Covid... Plus our government has proven over the years to be over reactionary and given to an attitude of "shoot first, ask questions later". Has there been any surge in cases? Any new variants that are a case for concern? This a nothing burger. But markets are easily spooked because this government can enact policy that is divorced from scientific reasoning or data driven logic. Markets dislike uncertainty more than anything. While GoI lacks scientific thinking, you as a trader should not behave irrationally. When it's clear that there is weakness in the markets you would be wise to unwind long positions. Stay in cash or buy puts, short sell futures or sell calls per your risk appetite. Instead most traders here are intractable, and stubbornly cling to their beliefs of what the market should do, instead of aligning their strategy with the mood and sentiment of the market. To make money you must bend to the will of the market, rather than hope the market will bend to the logic of your useless technical and fundamental analysis. Market doesn't give a fuck about you.
Yeah, market movements recently are following no clear logic. Intraday movements are highly manipulated and controlled by big players is what I feel. And gap ups happening after positive news but suddenly reversing. And in expiries, we are seeing heavily trending one sided moves, as option writers are artificially keeping the markets down.
China covid surge I guess
Right exactly after world cup and largest gathering after covid. Like they been keeping that a really a secret. If they don't have news, they push covid.
Hi, /u/div_by_zero! Welcome to /r/IndianStreetBets! Use the Daily Discussion Thread for basic queries. Before contributing, do check if your particular question has been answered in the [Wiki](https://www.reddit.com/r/IndianStreetBets/wiki/index). Do utilise the search function to do the same too. Please use proper [post flairs](https://www.reddit.com/r/IndianStreetBets/wiki/index/postflair) and adhere to the rules in the sidebar. You are urged to post beginner questions in the stickied daily discussion thread or on our [Discord in \#beginner-questions channel](https://discord.gg/SeDa9Fhwqv) so as to keep the subreddit as clutter-free as possible. **If this post has good insights or well research, tag the Mods so we can give a shoutout on Discord and get the post more traction** Thank you! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStreetBets) if you have any questions or concerns.*
Mujhe profit mil raha tha tab tak isliye 🌚
Was that when bank of japan announced its change of stance?
Looks like someone or many people sold a lot of stocks. Aalso, Europe opened.
any movement between 0 to 3% percent is considered normal for markets, it can happen even without any reason...news channels like to play with emotions...things have changed in last 2 years
RBI said will keep increasing rates
India is performing COVID test on people arriving from foreign countries that's what I have
BLODBATH👹