Some thing some thing is happening ....?
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@slstock wrote:Also the once over bought market ( which some of us repeated about when ASi was 5900-6000) has now turned to be near over sold . Now it is lower neutral and nearing over sold. Interesting situation.
@UAEBOY wrote:RSI also giving buying signal I believe ..Appreciate if anyone can give exact RSI figure..yes, Good for short term..
@Dr_CSE wrote: However brokers continuously force sold shares triggering a panic selling pushing the market to an oversold region. I think brokers reaped the maximum benefit of changing of rules, as they collected cheap as much as possible to their own ( or perhaps nominee) accounts. This was evident as large buy orders were instantaneously filled with force selling.
@Dr_CSE wrote:I think we can expect a run because of two reasons. First is the 2013 Budget is round the corner. Secondly, Relaxation of credit rules and changing rules on trading by brokers. After the previous run a market correction was expected. However brokers continuously force sold shares triggering a panic selling pushing the market to an oversold region. I think brokers reaped the maximum benefit of changing of rules, as they collected cheap as much as possible to their own ( or perhaps nominee) accounts. This was evident as large buy orders were instantaneously filled with force selling. With the change of rules I expected a market run driven mainly by brokers, as the market is running out of trades now and technically market is in a oversold region, and brokers can pump and dump what they have collected.
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