You know it, what it means. Wondering whose selling inspite of FII's and Indian Institutions showing positive buying figures. 7th February - Mega Deal announced in Himachal Futuristic , Kerry Packer buys a phenomenal stake for Rs. Very positive analysis were indicated to everybody, that the company will become debt free and will bag mega projects very soon. Stock closes only buyers at a historic high of 2415.
ICE stocks crash to lower filters inspite of positive announcements on the same day.
Lower filters open that day but start plunging from next day, as bulls keep selling their portfolio holdings. On 27th February - India's Biggest Venture Capital for Rs. Smiling faces, bullish statements were made in newspapers for the first time about how technology will transform our Indian economy and great oppurtunities lie ahead for technology stocks. Well that was it, they made everybody convince that technology stocks will be the future of Indian Markets and immense upward potential is round the corner. As you can see from the above table, major ICE stocks - Satyam Comps, Global Telesys, Himachal Futuristic, DSQ Software, Pentamedia Graphics have nearly halved in price from just three weeks ago inspite of such bullish announcements.