I am more interested in this.....:thumb::thumb: Can you pls let me know where did you heard this one...tried to google but coud not find..asked my broker and he did not have any clue about it...Looked at nifty chart and such a big fall does not seems to be on cards too...CAG reports tabled in parliament and nothing great happened...then 200 point fall??????? where will it come from??? Is PM resigning?????
Disclaimer:- Have postional short position in Nifty and Banknifty with some good profits as half of the quantity already booked after kneejerk reaction on friday..:clap:
Hi,
Rumors are like smoke, you can see it every where around you and yet cannot pinpoint the source, my friend rumors are meant to be heard, enjoyed and if possible earned from it, particularly if it's related to a market like our.
On 20/04/2012 at 14.25 NF was trading at 5325-5345 and all of a sudden 5000 was touched
On 03/08/2012 at 09.25 NF HL was 5220 -5100
No one will find any technical reasons for the above, but still they happened. And NSE officials said the trades are legitimate and nothing is wrong with them.
But the said HL complicated the technical indicators and Elliot Wave count kee tao lag-g-yee.
TOI today, at 10 pm, displayed the news "BJP is going to demand PM resignation today in the Parliament."
http://timesofindia.indiatimes.com/...over-coal-block-scam/articleshow/15574233.cms
I heard the rumors on Saturday perhaps market knew that a strategy of this sort would take shape and besides it's a while since CAG draft report known as CoalGate is in circulation.
Forget all the above what does it take to throw NF 100-200 points here / there
In this time of crises when everyone is kicking the gov on all front, even Congress cannot guarantee itself weather it will survive till 2014 or....
And besides there is no harm in being caution against any adverse news or trend.
Since you are already short, stay on for a tad longer perhaps you will win your bumper lottery jackpot in this series.
Bye