Don't you noticed today's FIIs Figures ? . 
FII'S TODAY SOLD NET 1570 CR IN CASH,
WHILE DII'S BOUGHT NET 1189 CR IN CASH.
FII'S IN F&O SOLD NET HUGE 2817 CR IN INDEX FUTURES,
Bought net 1298 cr in index options and bought net 260 cr in stocks futures.
So today was day when FIIs sold HEAVY in Cash and HUGE in Index futures.
Though DII's tried to stop the big slide but as europe turned weak more pressure of selling came from FIIs.
Results market opened weak on global cues did freak highs of 8422 NF and freak lows of 8000 NF
There after normal trading started at 8320NF and did close at 8150NF net loss of HUGE 272 points NF in a single day.
It's Biggest loss in last 65 months that is since 6 july 2009.
As today FIIs made it clear by heavy selling in cash and in index futures that they are well prepared for more fall in market in coming days and in absence of there heavy buying's market is ripe for more correction, in that case todays freak low of 8000 NF will be crucial to watch..... :thumb:
FII'S TODAY SOLD NET 1570 CR IN CASH,
WHILE DII'S BOUGHT NET 1189 CR IN CASH.
FII'S IN F&O SOLD NET HUGE 2817 CR IN INDEX FUTURES,
Bought net 1298 cr in index options and bought net 260 cr in stocks futures.
So today was day when FIIs sold HEAVY in Cash and HUGE in Index futures.
Though DII's tried to stop the big slide but as europe turned weak more pressure of selling came from FIIs.
Results market opened weak on global cues did freak highs of 8422 NF and freak lows of 8000 NF
There after normal trading started at 8320NF and did close at 8150NF net loss of HUGE 272 points NF in a single day.
It's Biggest loss in last 65 months that is since 6 july 2009.
As today FIIs made it clear by heavy selling in cash and in index futures that they are well prepared for more fall in market in coming days and in absence of there heavy buying's market is ripe for more correction, in that case todays freak low of 8000 NF will be crucial to watch..... :thumb:
Nice comment :thumb: Here a little ad to your above post from an other corner, which is of most simplicity and still most powerful view. Not much in line with your comment, as this of yours comes from an other, good point of view. :clapping: But adding this lines to yours, should help others to avoid TA trappers and stay with simple facts given from your view and my view. Here we go:
You also can make it simple with the following, which is seen for days now on the Nifty chart and no need of any what ever stupid, complicated TA bla bla analyzes or other, complicated things. This view is based just by putting support and resistance levels on any chart and adding an other fact. And thats it from this side.
The last support in Nifty chart is around 8000 and the biggest OI in Jan Nifty puts is at 8000 and this since days. So the 8000 level is clear to all. If this breaks, then the next support on Nifty chart shows the 7800 and 7700 level. This can be seen by simply using a horizontal line on the chart and connect it to the most given points possible on those levels. No need of any bla bla Waves and what ever big mouth TA.
:lol:This just an add to look at the same you posted in two different ways or just to connect it together.
Take care / Dan
