Monday, January 21, 2008

5100 achieved as predicted in Dec.

Well target of 5100 for nifty achieved & broken... atleast it held on closing basis. Pain not over yet, a bounce though should happen any time, testing 4650 the previous top may be possible, all depends on the world market though...

Strange how the indexes were not allowed to hit circuit of 10% before 14:30 & fell through afterward, seems like someone purposely did that because after 14:30 the circuits go to 15%.

Another thing, FII sold 3300cr in cash & M.funds bought 3400cr, FII's were sellers in Nifty but bought equivalent amounts in stocks futures, so who sold is a mystery .

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