From the opening bell Nifty witnessed nonstop heavy volume selling till the closing bell. Those who might have followed our tweets (www.twitter.com/ridenifty) regularly might have escaped slaughter. On 22nd Oct 2009 ridenifty.com tweeted to take rally as an opportunity to exit all the long positions safely. Markets were way ahead of the fundamentals. Nifty lost around 124 points and finally closed at 4846.70 (2.5% down from the prev close.)
- Wipro(2.24%), TataMotors(1.49%), Sun Pharma(1.19%), BPCL(0.89%) and Cipla(0.47%) were the top gainers among the Nifty stocks.
- Reliance Capital(8.06%), Hindalco(7.87%), Unitech(7.71%), RCom(6.91%) and Tata Steel(6.84%) were the top losers among the Nifty stocks
- Advance :Decline among Nifty stocks is 8:42
- Index Options PCR is at 1.02
- Volatility has dramatically increased and India VIX is now at 28.18(+9.06%)
- Telecom, Metals were the worst performing sector, which was closely followed by Financial Services Sector
- Being a Derivatives expiry week, Nifty may witness more fast and furious move in the couple of trading sessions ahead
- S&P 500 is closed at 1063(-0.33%)
- Crude Oil at 77.93
- USD Index at 76.21 (+0.88%)
- BDI is at 3013(-1.018%)
- CRB Index is up 0.033%
- Gold is at 1038.8(+0.33%)
- SGX Nifty is down -36 points
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