The BSE Sensex plunged over 700 points and Nifty declined over 200 points.Let me put the reason from both Technical and Fundamental Perceptive
'THE SENSEX CLOSE 722.77 POINTS OR 2.6% DOWN AT 26717.37 AND NIFTY CLOSE 227.80 POINTS OR 2.7% AT 8097 IN NIFTY 49 SHARE DECLIEND AND 1 SHARE ADVANCED. BHARTI AIRTEL WAS THE ONLY GAINER IN THE NIFTY '
'THE SENSEX CLOSE 722.77 POINTS OR 2.6% DOWN AT 26717.37 AND NIFTY CLOSE 227.80 POINTS OR 2.7% AT 8097 IN NIFTY 49 SHARE DECLIEND AND 1 SHARE ADVANCED. BHARTI AIRTEL WAS THE ONLY GAINER IN THE NIFTY '
1. Fundamental
Liquidity Squeeze by FII’s : FII money is Hot
money which chase return irrespective of market. The Hottest Stock
market on earth right now is Chinese Stock Market which is running like
there is no tomorrow.
2. Technical Reason
Trading below 200 DMA: Nifty/ Sensex after
15 months are trading well below its 200 DMA, putting pressure on
market, as many FII’s have 200 DMA benchmark for buying or selling.
Plus Point with Our Company Research -
OUR TARGET ALMOST ACHIEVED IN NIFTY SELL CALL (SELLING BELOW AT 8270 TARGET 8065 TODAY MADE 8083) CALL GIVEN ON 25 APR SEE OUR WEEKLY REPORT http://bit.ly/1QyFIIf
Tips - IF NIFTY BREAK 8065 LEVEL FOR NEXT LEVEL IS 7950
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