Certain vested interests groups act in coercion for sudden price movements in stocks. In our Telegram group we have setup automated News bot to post latest news. One such news was related to Indian Hotels and the scrip immediately reacted to whims and fancies of few who wished to play with ignorant or innocent Investors. These Traders or Investors all go by News and still they believe that prices move for News. The reality is totally otherwise. Stock dances to the tunes of certain BIG brothers who know that gullible traders fall prey for news and get them trapped. This happens day in and day out. One such classic example is todays news on INDHOTEL.
Its Hedge Funds that rule the International Commodity market. Fund Managers will be on long weekend holidays during Christmas , New Year period . Its a onetime opportunity for Interns to do some real trade. Mostly in 9 out of 10 year period Commodity markets will trade in green as its a easy play for Interns to make a BUY n SELL trade. And this year too it continues unlike last year.
Earlier in the morning session when one member asked about UBL view it was a clear BUY in our system and posted about the targets. Taking que from the levels one of our group member had made use of it, rest is on record.