[Nitin Bhatia]

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
Please reply.

[Nitin Bhatia]

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.

[Nitin Bhatia]

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
THANK YOU..

[Nitin Bhatia]

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.

[Nitin Bhatia]

I explained in last Wednesday’s Live Streaming that BIG PLAYERS are offloading their positions.

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