We closed at the level we started yesterday morning.
So what changed…Only a lot of money.
Retail got shut and FII’s bought.
This chart below will hopefully explain.
The chart is for a 2 day period.
The lowermost pane is effective volume or the net difference between buy volumes and sell volumes. The chart was sloping down all through yesterday and from this morning it sloped up before we had a 100 point rise in the markets.
In the weekend post, we mentioned “It’s not a time to be too adventurous with leveraged positions, but to be careful with a good understanding of risk-reward for short term trades”.
There is no shame in sitting out of the markets.Markets will always remain, it’s the people within who will change.
And.. you don’t go looking for trades, you just recognize them when they appear.
