Today's market action between 10.12 and 10.15 was very very thin and the Nifty swiped down 90 points in those 3 minutes
The BankNifty swiped down 400 points
This happens only when the liquidity is very poor or what we in Orderflow call thin markets
Now, if this is the state today, and for indices which are the most liquid, just imagine what may happen on stock Futures if the SEBI recommendations go through
It will not be a tradeable market
There will be flash crashes and lots of losses
Equity markets will not hold
The Babu has to understand - recommendations are good on paper
Speak to regular derivative traders - they will tell you how things work inside .
@CNBCTV18News@TataMotors TATA MOTORS Q3FY24 CONS
NET PROFIT 70.25B RUPEES VS 29.58B (YOY); EST 40.7B
But Tata Motor sold its stake (21.3%) in Tata Technologies in 3748 cr its one time Exceptional gain in profit
The National Medical Commission (NMC) has identified 972 students who pursued #MBBS studies abroad without obtaining the required eligibility certificate.
https://t.co/NXzxrUGW2y
🧵 on the global macros,
(1) What’s happening to Yields & Currencies globally?
(2) Why is the $ going up?
(3) Why is INR performing better than most currencies?
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