Has any body checked the real story of FIIs selling, go and check on nse sebi figures or go to stockedge and check it they are seller in cash or you can say secondary market but they are net buyers on monthly basis
PrakashGJain replied to Price Action Trading's post
I am not that experienced, but looking towards option data even so called operators are in the fix they also don't know where the market will go, look 18400 & 18450, 18500 option data equally matched
Why not to trade today, from my point of view today is perfect set to trade
First two hours market will try to recover after that profit booking will start, after 2.00 pm market will again recover and continue its upward journey. Profit booking makes market healthy
Nobody plays on liquidity game, whoever is playing in the market is fundamentals, can you explain from last four to five days, FII & DII are selling than also why markets are going up, today Nifty touched the record levels
Book profits and sqareup your position my humble request, if tomorrow also BNF closes above 38500 than a major bout of short covering will start that will take BNF above 39000
@INDEXINTRADAYTRADER, We as an smart trader we don't by PE, we buy future we trade six months ahead of current PE, which most of the smart money Institutional investors thinks this PE WILL settle around 17 or 18, that's why they are buying
Before taking any positions look between Price Earning and nifty ratio just 6 months back we were buying this market at 42 PE now the ratio is 27 and we are afraid. It's not probability it's Maths, watchout for companies October results, those who knows about it they are buying a...
Nothing crazy is there, look at the charts, RSI, MACD, all were giving negative divergence if you are not able to read the indicators then don't blame the market