Markets went on to roar as we had indicated that there is some bullish move expected, but the broad sentiment is bearish. Market goes into a crash mode after RBI leaves policy changes still.Some one somewhere has to ring the alarm, this time it is the top regulator. Isn't it nice?
We may ask, these decisions are not taken just in a jiffy, it would have been decided well at least by Saturday last, then how come there was a bull move and an indication for that came in the closing hours of Friday. This clearly shows that there is rigging in the markets and the Reserve Bank has a say in it. Else these things cannot happen, or there is a leak of information to some selected few people who have taken advantage to rig the markets higher and taken a nice exit, leaving the poor uninformed traders to lurch.
Traders take cover, there is panic at least for the time being. Operate your stops ruthlessly, that is the only arsenal you have to control your damage.
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