Technical view by Nooresh

NIFTY falls 20 % in No time. ONGC down 20% etc


Nifty feel a sharp 10-20% in no time.


As per the market understanding and information.


A big basket of Nifty 50 stocks was hit which led to some stocks like ONGC , Sesa etc falling 20 %. This led to a circuit barrier being hit at 570 points. Although the index did recover in seconds but as per the norms a freeze happens when a circuit is hit so NSE cash trades were freezed.


We can say it to be a freak trade as there was no impact on Futures Markets and Currencies.


All in all nothing to worry markets have stabilized and working normally. So no conspiracy theories just a normal butter fingers one like which happened in US also last year.

Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 4 comments… add one }
  • logesh October 5, 2012, 13:24

    Dear nooresh,

    in recent nifty did 3 gap up openings, all are not yet filled so can v take this freak trade as gap filling??????

    • Nooresh October 6, 2012, 01:25

      Well can give no importance to todays trade as it happened only on Nifty

      • Raj October 8, 2012, 02:32

        Dear Nooresh,

        Why is this freak trade/tech glitch not important for you???!!!
        Why dint you dig deep into the issue and expose the massive gambling fraud to your readers and customers?!

        • Nooresh October 8, 2012, 11:02


          Did my background on it. Nothing majorly suspicious.


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