Why there was heavy sell of in the afternoon ?

A

-=Ash=-

New Member
#1
#1
Hi Folks,

As you have noticed we were more than 200 points up till 1 pm after that market plunged heavily !

Can anybody give me a good reason why this has happened ?
 
findvikas

findvikas

Well-Known Member
#3
#3
-=Ash=- said:
Hi Folks,

As you have noticed we were more than 200 points up till 1 pm after that market plunged heavily !

Can anybody give me a good reason why this has happened ?
Click to expand...
4700-4750-4775 is the profit booking range and fresh buying can come only on a close above 4780. Around 2pm we get to see European market open and which opened RED to complement that US futures opened in RED with a signal that US markets might open in RED (as they did infact and plunged 2%), tomorrow with all this pressure China might not be able to sustain 2600 level which is critical support and after that entire Asia will follow that trend.

We had a good run up in last 6 months and need some correction to move out/down of this range of 4350-4650.. the breakout of 4650 was not quite successfull by bulls so bears trying the opposite now..
 
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