A news which is expected in market is not a news for Market.
On Friday we got some measures which were announced by Govt for the Auto sector.
Question - Was this a surprise for market ?
Answer - No, there was a strong rally in Auto stocks starting August.
Question - Should one buy post the news & after a rally in stocks ?
Answer - No, Good to miss these trades even if they work.
Maruti - Change from July 31
Hero Motor - Change from July 31
Bajaj Auto - Change from July 31
All the Major Auto stocks were trading higher from the lows in a time when Nifty was hitting lows of recent times, as recent as on Friday.
Nifty - Change from July 31
Buying stocks post a rally based on news is a big no on the day of news.