Wednesday, January 07, 2015

FIIs were NET SELLERS today......
After rallying nearly 30% in the year 2014, the S&P BSE Sensex plunged more than 500 points in 2015. In the process the market capitalization on the Bombay Stock Exchange dipped by nearly Rs.2 lakh crore. 

A rise above 8300 proved to be a "Booby Trap" for the BULLS as the Nifty nosedived. Now the level of 7950-8000 should be watched carefully as a decisive breakdown below this, may precipitate the fall. 

However, even after such heavy selling by the FIIs, Nifty closed almost flat (or marginally down by 25.25 points) today at 8102.10. This gives some glimmer of hopes, for the bulls. 

P.N: I am still not well and hence is  not able to give regular updates on my blogs (Premium and Free). Kindly bear with me. 
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