The rally from 7500 to 14700 have given returns which is more than extraordinary, especially to new members who have joined the markets after lockdown. The negative side is you have developed a habit of overnight returns. It does not happen this way in the stock markets. Stocks not always give 10% in a week or 10 days forever. This euphoria "pagalpan" has created new thinking and approach towards the market which is demanding returns.
Traders need to understand that the law of averages works. In the financial world, the mean value is very powerful. It will pull you towards itself to give you stability. The same is happening with stocks. They are so far away from the mean that the mean is pulling the prices towards it and the traders are not ready to accept it!!!
Bhav Bhagwan the...price is final. Please accept it. You need to give time to an investment to perform. On the valuation front, Indian markets are the most overpriced in the developing world. Historically, we are trading 25% more than average peak valuations.