Posted by: Babu Suresh | February 13, 2009

13th Feb. 09 – NSE Trading Session

Nifty Spot 1M ChartNifty_Spot_1M130209

Should I have to call today’s rally-the term many would love to hear – in support of the man I admire most, Mr. Lallu, ended with an extraordinary Nifty Fut. volume of 24 Million.

I get series of extremely anguished calls everyday, for I avoid entertaining any calls during trading hours, except of course my trading mentor’s calls and his yahoo chats, expressing everything other than the good part of this market. What I don’t understand from these callers is, why don’t they learn to see the market from market’s perspective instead of looking at what FIIs have done the previous day, what has happened to PE ratio, whether any stimulus package has been passed in USA, for they never bothered to realise, Indian companies have been languishing on higher PEs for couple of years, discounting 2010 earnings in 2007 itself in a great hurry as though 2010 would never come, for apparently no one knows whether such irrational rise was justified within any known parameters. Ironically, even in that market only very few had made real money, viz. the media. 🙂

If I were to comment on FIIs previous portfolio, I feel most of them had pathetic portfolio than even an uneducated investor, invested his/her money using his/her common sense rather than using the so called research materials and not watching our high flying media. Thanks to their lack of awareness, those FIIs are run by our grand IIM graduates. May god save those investors who have entrusted their money with these FIIs.

Its high time you all had woken up from your somnambulism and learn to adapt to the current real market conditions and start learning instead of wasting your time worrying about what FIIs have bought or sold, whether FIIs have downgraded or upgraded our companies, our country, our economy or our stray cattle and dogs roaming lavishly on our roads. They are not here to save you, only you are here to save you.

Nifty Spot 5Min. ChartNifty_Spot_5M_130209

Healthy And Wealthy Trading

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