Re: [Technical-Investor] Whats cooking here

 

Hi Abhijit,
This observation is on the dot, and intriguing. I track the Niftybees carefully due to interest and the behavior of Niftybees on the day the index dipped to 4538. One just could not buy Niftybees that day. I must however say that I have no explanation for what this could imply.
Regards
Ray

On Thu, Nov 12, 2009 at 8:18 PM, Abhijit <ap19632000@yahoo.com> wrote:

Can anyoneexplain what is cooking here:

 

From 3 pm onwards NiftyBees rocketted up from the low of 494 to 502 (that is Nifty equivalent 4940 to 5020).

 

Nifty spot in the same time frame did 4925 to 4968.

 

Images below. Nifty spot is below.

 

 

 

 

 

 

Exactly similar bounce was seen on the day Nifty made a low of 4538 and what happened tehreafter is history.

 

Any answers??

 

Cheers,

 

AP

 

 

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