While everyone is celebrating retail traders winning over a large hedge fund, it rarely ever plays out this way. Mostly, retail ends up losing money when there is excessive speculation, says Kamath.
Nearly Rs 10 lakh crore gone ahead of Budget: what should be your investment strategy?
The trading strategy on the Budget Day should be to pick stocks from their support levels and keep an eye on reversal patterns instead of picking stocks which are trading in a range or are at higher levels. January 29, 2021 / 01:06 PM IST
Five days of the selloff on D-Street pushed Sensex and Nifty50 below crucial support levels. The S&P BSE Sensex plunged more than 3000 points since January 20 while Nifty50 is down by about 1000 points in the same period.
The average market capitalisation of the BSE-listed companies fell by about Rs 10 lakh cr in just five sessions. The market capitalisation of the BSE-listed companies fell from Rs 197.70 lakh cr to Rs 188.13 lakh cr as of January 28, 2021.
Online broker Robinhood has been one of the hottest venues in this week's retail-trading frenzy but its sudden curbs on buying of some hot stocks have raised the ire of customers, celebrities and politicians who argue it unfairly benefits bigger investors.