June 1, 2019 at 11:14 AM #135601
Sir, Today I saw Sharp Fall @ 12 PM specially in ICICI Bank almost 25lk stock sold in 5 min, i check Delivery % but dont see that much change, how to read this type of sudden selling, is some news coming ? or its normal
June 1, 2019 at 12:13 PM #137096
I was trying to short ICICI Future just before the sharp fall but I didn’t but I was looking closely chart and then I saw big volume sold and I was surprise to see many other stocks were coming sharply down, Nifty as well.
Then I checked with other stocks like Infy, Tech Mahindra etc Nothing much happed but when I saw Banking Stocks then I come to know something is wrong with banking sector.
So this fall I thought at that time was not only for ICICI but for other bank nifty stocks also. I was suspecting ICICI because of my trading strategy but later I found other banking stocks were also down.
At the same time I was just looking for Greeks in my Excel Sheet of Nifty Calls 12000, 12100 & 12200 06th June Expiry for shorting.
Everything happed so quick so I thought it is better to stay away for a while.
June 2, 2019 at 1:33 AM #137628
HDFC BANK,HDFC,AXIS BANK,ICICI BANK AND NIFTY ALL ARE IN
BEARISH DIVERGENT.JUST LOOK AT THE DAILY CHART..HOPE WE CRACK SOME CLUE ABOUT BANKING SECTOR AND NIFTY
June 2, 2019 at 9:28 AM #137659
If you look at NSEIndia.com website Equity live
You can see that pattern on Banking stocks. Seems like an Algo based trigger. In Algo based trading trigger market would recover after a huge off load.
Most heavy weights have been off loaded.
June 2, 2019 at 11:00 AM #137674
I explained in last Wednesday’s Live Streaming that BIG PLAYERS are offloading their positions.
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