NSE BSE Crash August 2015
After finishing the week end traders and investors are in a fresh mind to make profits for the week, but very sooner all the traders had seen profits on the first day of the week Monday which no body expected that market would fall for 6%. Its a free fall and the stock which ever touched blindly on this day will give guaranteed profits for 2%-3% at any point of entry in intraday trading. Our traders see huge profits, any how we given minimum call, as we expect the market would get some recovery within end of the day. But it plunges more in afternoon, and give more shock.
Some of them still not aware about the steep downfall in Indian market which 1624.51 points or 5.94% in sensex and 490.95 points or 5.92% in nifty made a fall, NSE BSE crash August 2015 is major fall in 7 year in Indian markets. Sensex and nifty closed 25741.56 and 7809 respectively. Approximately Rs.7 Lakhs crores of investors money has been vanished in this bloodbath. But rather than other markets Indian market would expect to recover very soon within next month end, so Investors can breath safely. RBI Governor and Finance Minister of India gave a big hope which Indian markets will recover and it all depends on inflation, GDP and other indices.
What happen NIFTY and SENSEX for this Bloodbath?
From the beginning of the morning session there was a gap down opening so traders and investors thought it is an usual fall, but it becomes huge free fall due to China. China which is the largest and biggest manufacturer announces the economic data which seems to be very low so Chinese Shanghai market with currency Yuan fall 9%, and a big shocking news for the pensioners in China. Pension fund for the first time in China would be invested in stock market and nearly $547bn invested in Chinese market. Due to this majority of the investors start selling and FII in China withdrawn a large amount of money due to hopeless situation. From 11 Aug 2015 Chinese market worth down for 5 trillion dollar, so the level is very worse rather than expected.
Where the Reflection falls?
Reflection of China market made a fall not only in China but in Unites States, India, Greece, HongKong, Japan but the temporary fall may get recovered soon in India. US market was halted 1200 times and made history due to panic situation.
What will happen this week?
As per our views and analysis Chinese market may still go down for another 10% from the present level, so sucessful intraday traders can mint money for whole week with much caution. Markets sometimes may be booked with profit but over all situation not so good to invest now. Nifty may down further upto 7400, so stocks may transact in cheaper prices, but not investors still have chance to wait to invest. Simple and unavoidable situation for traders and investors as global market is the big mirror for India.
Major Losers in NSE
Vedanta, Cairn, Tatasteel, GAIL, BanIndia, RCOM, RelInfra, PFC and many more second line stocks made much red yesterday. Traders can only use Public Sector stocks to trade in Intraday as said worse condition to invest in Government Companies whatever may be the sector.
Note : Above given financial advice is just an view for Analyst and the author of the post, traders and investors can take their own decision before investing.