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INDIAN MEDIA ( very interesting article )
| From : Aaditya Jain at 10:49 PM - Dec 08, 2009 ( ) |
Share it on FacebookToday was an interesting day. The markets suddenly spiked up in the afternoon and I saw TV analysts scratching their heads trying to explain the market moves!
It is so easy for media guys to explain the market moves- If Asia is down and our markets are down then say that we are following Asian markets. If European markets are in the green and Indian markets are in the positive territory, then simply explain it by saying that markets are taking cues from Europe!
Today’s spike could neither be explained by Europe or Asia. That’s why all the experts were running for cover. Finally one of the experts pointed out that markets are rising because of India’s strong GDP number!
That way every investor can explain each and every move in the market.
So do you really think these media channels help take you take better investment decisions? Unfortunately many of the gullible investors take these TV commentators to be great financial experts and lose their shirts in the markets by following their advice!
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Buy Tata Steel with a target of Rs 594 and stop loss of Rs 576, says Hemen Kapadia, technical analyst, on CNBC TV16, as closing market strategy. Target - Rs 5...stop loss Rs 14...risk to reward ratio...3:1 I think half of us can do better than those analysts at CNBC cant we ? .... m so sure thousands must have followed his advice on this, sadly but true ! such are the state of affairs here,....
At Zee Business, they gives 2 scripts which are fundamentally strong under their programme 'MALAMAL' at 1.20 p.m. but sometimes it is seen a rise in price of those scripts after 12.30 p.m. onwards so some leakage of views cannot be ignored.
So be careful while trading on the basis of such news.
Thanks.
ALL CNBC, ET-NOW, NDTV PROFIT AND BLOOMBERG UTV GUYS ARE JUNKS THEY TALK WHOLE DAY WITHOUT ANY IDEA
If you watch cnbc and do the opposite of whatever they say you can easily become another warren buffet.The analysts are the biggest jokers i have ever seen.The only thing they do is push their stocks.
GOOD MORNIG & SAT SHRI AKAL .MEDIA CAN NOT TAKE PROPER DECISION ON THE MARKET. MARKETS ARE IN THE HANDS OF OPRATORS. THEY CAN DO WHAT THEY WANT, AS YOU SEEN ON TUESDAY. KULDIP SINGH MENGI
Hi Aaditya. Actually I am searching the reason why it goes up after the 1:30 PM. Here I stopped my search. But whey climbs after the 1:30PM while europe market is open?
i agree with you .not believe in media people to buy or sell. just see the media only for news and data.
what i am saying is..that they always speak in hindsight ! any one can come up with a reason asto why it was up n down after they knw wat actually happened....
MEDIA IS THE BIGGEST SENTIMENT .... THEY CAN TAKE MARKET UP AND DOWN AND SPECIALLY .... BETTER UNDERSTAND
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