PNB fine tuned Technical. Even though it was 8% RED candle, only 2.92% OI was increased. Naturally, Active FNO Traders had lost their interest. 19446K shares were marked as delivery in 139040K trading volume resulting only 13.99% marked delivery of total volume. If any body analyse marked delivery as well as trading volume, it guides that only Intraday Traders had interest in the counter. Volume was one of the highest during last quarter. They hammered with big volume. Share was hardly recovered from its bottom, as it had short tail of 0.60 in future rates.
One can easily guess that during next session, share shall get followup. Hardly there are scope of recovery until some extraordinary announcement.
Big RED candles has followup. Big means how big? Normally bigger than 2.5% RED candle having huge volume in daily chart, gets followups.
