Monday, December 15, 2008

Market on 15/12/2008

  • Market opened with a gap of 40 points on Nifty taking cues from SGX NIFTY.
  • Resilience of the market on Friday after US auto bailout news. These actions are bound to be resolved or reversed but the beauty of the market mistress to take out the chips from weak hands is once again demonstrated.
  • Harmony of Commodity, currency movements has given strength to market bullish bias
  • Nifty 3000 is a psychological level has reached and sold off keeping large number of intraday participants on the wrong side.
  • I think diversification in trading time frame is needed
  • As Victor Niederhoffer says in daily speculations the market will block the only escape route you have.
  • Traded NIFTY, LT
  • It is frustating to see unprofessional behavior in brokers trading rooms . This adds to individual traders losses.
  • Uncalled for vague comments affect the traders' psychology
  • Very good post in Dailyspeculations on How not to run a trading Operation.

Market Structure differences 2010 Vs 2020

Some of the changes I have observed in Market structure in 2020 compared to around 2010 Huge increase in trading Volumes Predominant ...