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

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