YES Bank up 22% ,…. Such gap ups make difficult to trade.. Axis, SBI up 10-15% .. Short Covering in beaten down names
— Nooresh Merani (@nooreshtech) September 5, 2013
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YES Bank up 22% ,…. Such gap ups make difficult to trade.. Axis, SBI up 10-15% .. Short Covering in beaten down names
— Nooresh Merani (@nooreshtech) September 5, 2013
2 replies on “Its a crazy market out there”
Is this due to the Algo-trading?….A large no. of machines may think alike & that is why a large no. of uni-directional trades happen.
No..this has all the signs of a short squeeze