Triple top signal gave 30 Nifty points gain in intraday trade

kailash Chaturvedi (1/24/2012 2:43:11 PM): Nifty spot traded at 5141 at 12.22 PM again kissing same level at 2.41 PM after 2 Hrs
kailash Chaturvedi(1/24/2012 2:45:22 PM): Nifty made intraday triple top
kailash Chaturvedi(1/24/2012 3:07:07 PM): niftyyyyyy profit booking is expected in last min 5134
Sourabh Gandhi (1/24/2012 3:48:25 PM): what does tripple top signifies?
kailash Chaturvedi (1/24/2012 3:48:50 PM): reversal that u saw
kailash Chaturvedi (1/24/2012 3:49:05 PM): 30 points fall from there
Sourabh Gandhi (1/24/2012 3:54:41 PM): hmmm ok

kailash123p (1/24/2012 4:25:57 PM): RBI did not cut repo rates, the Cash Reserve Ratio or CRR was cut by 0.5 per cent to 5.5 per cent. CRR is the minimum percentage of deposits that banks have to maintain with Reserve Bank of India. Central banks use this tool to control the money supply in their battle against inflation. This is also used to control over-heating of an economy where expansion takes place on cheap borrowed money. The RBI move came as a positive surprise.