Monday, August 3, 2009

Round Numbers in Indian Market



Attraction of Prices to Round Numbers is a concept discussed in DailySpec by Victor.

  1. Today Indian markets are close to round numbers BSE Sensex near 16000, NSE Nifty above 4700.
  2. US Markets are nearing round numbers . Nasdaq at 2000. SP above 1000.
  3. Newton Linchen has a nice post on Round numbers which is an inspiration for this post.
  4. I have traded reliance today based on attraction to round number 2000.
at

1 comment:

trader said...

Namaste

Thanks for the link.

Newton Paulo Linchen.

August 3, 2009 at 2:20 PM

Post a Comment

Subscribe to: Post Comments (Atom)

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 ...

  • Intraday Trading - Best practices
    BlackSwan is organising a seminar on Intraday Trading - Best Practices at Hyderabad. 1.Our office is at Flat 402, Srigurudatta Towers, Niza...
  • Financial markets School
    Presently my intentions to develop a stockbroking & research office complete with training facilities is taking shape. My intention is t...
  • Pursuit of ShortCuts
    In my interaction with many investors in the process of operating Blackswan FMB-School my observations 1.Pursuit of Shortcuts in the form of...