fiis net (-738f&o+479cash=-259cr.), diis were huge sellers in cash stocks to the tune of 1125 cr!
this had a significant impact on mkt as nifty came down from a high of 3511 to low of 3354 during the day.
the uptrend is still on with trendline support as shown near 3300.
3300 looks imp and below 3300 if selling persists it can move upto 3200 closing below 3200 will be bearish as lower tline uptrend breaks.
we had mentioned about this criss cross/profit booking around 200 dma in last few posts before mkt takes a direction or reacts to come down.
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Friday, April 17, 2009
a reaction around 200dma..
Posted by abhay r somkuwar at 8:07 AM
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