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Blow to Nifty -straight 5000 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #16  Posted: Fri Apr 20, 2012 3:38 pm Post subject: |
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| singapore platform shows low of 5248, exact 61.8% retracement of the last rise |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #17 Posted: Fri Apr 20, 2012 3:48 pm Post subject: |
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| taxmann50 wrote: | I am sorry to say but this story of punching error on back of huge volume is not digestible.
I have 2 thoughts as below.
1. Big players who were sitting on shorts and expected market to go below 5200/5150 or lower needed a suitable place to cover the shorts at lower level, past few days nifty posted close above 5300 suggests that nifty is bullish but these participant would have lost if they covered shorts at these levels above 5300-5350 so sell take the market lower break many a stoplosses and then start short covering. Volume at the sell level key.
2. Second thought we are headed towards 4800.
Cant just digest punching error. |
and friday is always a great day to do such things .... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #18 Posted: Fri Apr 20, 2012 3:54 pm Post subject: |
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| Twice punching error one in Mini nifty and once in Nifty Futures and both shows new low, never happens on the upside just wondering because if an errror it should e both ways up and down.... |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #19 Posted: Fri Apr 20, 2012 4:12 pm Post subject: |
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| taxmann50 wrote: | | Twice punching error one in Mini nifty and once in Nifty Futures and both shows new low, never happens on the upside just wondering because if an errror it should e both ways up and down.... |
True .... well said Taxmann |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #20 Posted: Fri Apr 20, 2012 5:15 pm Post subject: |
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| vinay28 wrote: | taxmann - it was indeed a punching error.......deliberate may be! 
rrang - I will wait for 1500 still  |
Boss Infy freak trade occurred around 10.40am and NF around 2.25pm, both at different time so how come once compliments the other. |
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rrang438
White Belt
Joined: 17 Sep 2008
Posts: 40
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| Post: #21 Posted: Fri Apr 20, 2012 5:19 pm Post subject: |
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I mean it all the stupidity happening in trading platform at the end we loose the money sir....
but, As you said the error wont go up to for profit |
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