Bhav Bhagwan Che
'Bhav Bhagwan Che' - is an old time Gujarati saying in the market which loosely translates into 'price is god' in English.
Focus on the above chart of Nifty 50 - our benchmark index comprising of top 50 companies. 23rd March when lock down was announced in India by our Honorable Prime Minister this index made a low of 7511.1
Unfortunately this would be the day when most of the retail traders and some so called pro traders gave up hope and exited the market anticipating deep recession.
Since that day one after another we kept getting real bad news on forget just Indian but world economy.
- GDP growth touching 6 years low
- Key sector of economy namely Agriculture , Automobile, Real Estate, FMCG among others.
- Weaker consumer demand and slowing private investmen
- Highest Unemployment data
Covid-19 Pandemic
India is under constant lockdown since March 22, 2020 on account of Corona Virus pandemic. All the economic activities have come to a stand still, industries are shut and despite the announcement of Rs.20 lakh crore relief package to various sectors by the Prime Minister of India, Shri Narendra Modi, the economic sentiments have not shown any positive impact.
So we have deviated long enough from our topic - which is "Bhav Bhagwan Che"
This is what most traders have done since the day Nifty made a low of 7511.1 and first lock down was announced in India. News is the biggest devil, which keeps you away from following the God - Bhav / Price.If you are someone who makes investing decisions based on blue channels or Business daily's headline, I am sure you would be confused, watching this rally from sidelines.
All over the social media you can see the frustration of these people due to focusing on everything else but price our Bhagwan.
These are the people who are now warning everyone of bubble in stock market, spreading village and monkey story, creatively forwarding the same old whatsapp messages of unprecedented hike in number of new demat account opened during lock down, claiming jobless people using their savings to propel mid and small caps to unreasonable valuations.
This is clear case of frustration and repenting to have missed the rally. They are now trying to ensure others too don't participate in the rally and those who have participated and made some good money, exit the rally. There is also the urge of prediction and being the first one to predict the crash behind this behavior of theirs.
In BullishMomentum our blind and unflinching focus is on price and nothing but the price. Most of the time we are called out for recommending operator stocks, penny stocks, ill-liquid stocks. Our members protested when we recommended North Eastern Carrying Corporation Ltd - NECC at 6.85 today that stock is our top performers having made a high of 16.45 since that day. It is more than double for believers of price.
Bhav Bhagwan Che
No comments:
Post a Comment