"nifty futures yesterday was almost 60 points discount to spot at one point of time now it is 21 points down what does it imply ????"
Reply :: Was it a panic selling? Most of the traders perhaps expected the market to go down, but in contary, it moved up in the morning. People took long pos (intra-day), last minute downfall added worry their position, and the reversed by covering and going short- perhaps at market. That may be a reason, atleast it happened to me and I lost in the miscalculation.