I’m observing that markets are behaving strangely from past 10 to 15 days.
Any particular direction, up or down, is not sustaining throughout the day. On days when markets are up, it crashes suddenly in last hour of market and on days when markets are down, it shoots up suddenly in the late trade.
All intraday positions which are profitable suddenly crashes towards the end of the day, had not faced such volatility in last 4 to 5 months.
Is there any reason this is happening now? Am i missing something?
We are in that range of around 8500 on Nifty where there is a lot of indecision. Bulls/Bears not convinced about which side the market will move. At these times, overnight news/expectations typically move the market up and down in the last 1 hour. The intensity of these moves in the last few days may also be a factor of not too much volumes, typically after expiry the volumes dry up in the market for a week or so.
But yeah like they say, you can’ t question the markets - there is no right answer for it.