Guys what happened in the market today.
Sharp dip suddenly?? Due to CAA?
Nah... poora matka chalu tha.
Glad RBI & SEBI finally decided to call the BS.
Worse, Mahadev App routed swindled money into the stock market.
There will be volatility going forward.. add electoral bonds suspense build up to it.
Stay away from Adani pack for a while.
Tepid IIP data for the third month ... PMI has also plateaued... inflation is stubborn... food inflation also rising. Today was bank expiry so the index miraculously stayed up while every stock in the psb pack got buggered but banknifty stayed up. .. chalo theek hai...nse needs to protect its biggest players after all.
Had warned everyone to stay away from the mid & small cap rally or cash out ... it was a foregone conclusion after rbi's diktat on iifl & jm financial... aaj dopahar se sabka randi rona chalu hai... 'barbaad ho gaya.. smallcap portfolio bleeding.. etc etc'. Aur satta khelo.. bc Scam '92 ke baad se sab ka dimaag fir gaya hai.. everybody wants to be like Harshad Mehta.