Before we begin, let’s take a moment to applaud the geniuses at SEBI—comfortably seated in their ivory towers, armed with two-digit IQs and an apparently limitless talent for making life worse for Indian traders.
In SEBI’s version of a “healthy” market, nothing happens for most of the day, liquidity disappears when it matters, and then the index swings 200 points in the final five minutes. Apparently, that is what passes for “efficiency” and “price discovery” now.
Was the idea tested on a limited scale first? Was any serious thought given to the consequences? Of course not. That would require competence, accountability, and a basic understanding of how traders actually operate.
Far easier to force another half-baked experiment down the trading community’s throat and then sit back while everyone else deals with the damage.
It would be hilarious if it weren’t such a depressing display of regulatory arrogance and incompetence.
Anyway, let’s continue with our miserable, daily lives.
Big Picture:
- US-Iran war - winding down (or least seems that way)
- The US markets ended well in the green
- Brent crude below $80
- Asian markets are well in the green
Positional
- 24,500 seems to be conquered by Nifty
- The bias has turned from rangebound to bullish
Intraday
- Today’s a little trickier
- The cues are all positive
- So, dips towards 24,500 would most likely be bought
- Apart from that, it’s hard to say
Track realtime market vitals at: Market Pulse — Real-Time Market Analysis Dashboard | VRD Nation
