The golden words in stock Markets…” Buy on rumor and sell on News” has once again proved correct.
It is so pathetic that the retail investors get carried away with news and give open buy orders without even considering in which direction “Gravity” is pulling the markets.
The Ambani news triggered lot of unnecessary buy signals.
Anyways, nothing more to add at present. My views mentioned in “Market Next Week” remain intact and market is again and again supporting that.
I have a humble advise… Do not trade on news…
