Tuesday, February 17, 2009

Fall continues

The fall started from the presentation time of interim budget( media called it "a damp squib")continued to day also. It is likely to continue tomorrow morning also and the down ward move may end around 2700. Let us see whether 2700 is protected or not before saying anything further.
Nandi wondered why Nifty started its down ward journey before the interim budget was presented fully. It may be due to the fact that 'once it was circulated to MPs / started presentation, it is a public (not a secret) document and FIIs and Mutual Funds will have its copy next moment and they might have started selling on seeing that Pranab's hand was empty and nothing for the market.'

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