This should have been indicator enough that a fall was in place. In any case, options data had clearly indicated that 5134 would not be crossed in expiry.
On Thu, Nov 26, 2009 at 1:23 PM, kk s <kumar40@hotmail.com > wrote:
it also has a spike down to 5050
To: Technical-Investor@yahoogroups. com
From: musadr@yahoo.com
Date: Thu, 26 Nov 2009 13:20:32 +0530
Subject: [Technical-Investor] Jan Nifty Futures at 5640.55
A msg I got from a prominent brokerage:
"Jan Nifty futures has a spike of 5640.55 which is also the Upper circuit limit for the contract. This could be a signal for the Bullish Momentum to come in future. Traders can go long in Cash segment (Niftybees) in small quantities for a 20% increase"
26 Nov 09, 12.57 pm.
Just FYI.
Regards,
Musa
http://www.bangaloreinvestorsclub. com
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