The sudden bull run in the market is being attributed to a temporary boost, likely from DII and retail investors, as FII are still not back. Some believe it’s a trap to convince investors that recent indictments have no basis, predicting a downfall in the Nifty 50. Market movements are seen as a result of various algorithms executing orders based on preset parameters, with large movements being artefacts of these algorithms trading each other. This is why traditional price action is not respected, particularly in shorter timeframes. Many investors remain skeptical about the rally, citing poor quarterly results and unfavorable economic conditions, and are taking this opportunity to exit stocks at a better price.
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