Just a quick post to update all those who had written in requesting for an Indian blog and also what all they would like to see in it. Firstly, thanks for your mails! Frankly speaking, I was expecting a good response from resident Indians and also those living abroad, but the response from people of other nationalities expressing interest in seeing an Indian market blog happen was surely a surprise. Just goes on to show the interest in Indian economy and success story these days! Well, the news is that I have decided to start a blog on Indian markets and it will be separate from the present one. It will go "live" sometime this week.
Let me end this post by giving an interesting incident from 10 minutes back that is in some way reflective of the "tips" being given on Indian markets these days. I got a SMS from my broker saying "buy ICICI on low of the day". End of message. WTF??!! They might as well tell you to buy any stock on the low of the day, sell it and short it highs. Repeat the process till you become a millionaire by the end of the day!
Take care and good luck!
7 comments:
Not just the Brokers, there are many these days giving out such calls with no proper levels/tgt/sl. probably they are sitting in a position and want to boost the stock with retail help ;-)
Good to hear that you have decided to start the indian mkt's blog. awaiting...
TC, Good Luck & God Bless you,
Ram.
Thanks a lot for your best wishes Ram!
I think starting a Indian Market's Blog is a great idea. Looking forward to it!!
-Scotty
Really work reading it :)
LMAO......
With growth in indian markets will come growth in shenanigans like the ones u mentioned.
A Blog like yrs 2 come will be an oasis of relief especially now when retail trader is not as TA savvy as in US...Indian blogs like yrs shd lead the way.
I jumped in DishTV and MRPL based on yr recommends and sold my existing CoalIndia. Thanks for Efforts
Any thoughts anyone?
If we do not get Q3 from US that should help the indian mkts as fund flows may happen to this side which was not happening as it was going to commodities n riskier assets which has as well created an inflation side of story n affected margins here and raise of interest rates which is weighing the indian mkts as well.
My thoughts on this are pretty simple SP. If you are a short term trader, it is best not to overthink things. In the end, whatever is going to happen is going to be reflected in the price action and volume. Just study the price action and volume and try and stay on the right side of the trade. Luckily in the Indian markets, some of the growth stories are so strong, that some mid cap stocks continue to do well irrespective of the market movement.
Hope you benefited from the move in Dish TV!
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