WHy Nifty certainly Fell Down From the Day High!!

a) Graph Nifty Dec 11th(Intraday)
b)Graph Nifty 11th Dec,weekly

The Gap Up Opening gave confidence among bulls and many day traders and it was stagnated for a while in the range bound between 5160 to 5173 and certainly jumps to the high 5188 and fell deeply to 5096 and lately went down to 5081.55. (Strong Support at- 5080.00)

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Why this certain Fall ?

Many says the weak IIP data.is it so!!!

In my view,it is not only because of that..it may be a coincidence ->The nifty touched the third top (Triple Top in "5186" level) and fell from there.(Almost 100 points dropped down) One another reason could be the operaters who operates as and when they wish and decides the direction of the market to their favour. ( Would have Gained great milage out of it today).

I need to know the facts behind..if anyone have some idea...Share..Let me learn.

Any how, it is all part and parcel of this Business.

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Have a great week End