Monday, 23 December 2013

FII Data Analysis for 24-Dec

§  FIIs bought 16492 contracts of Index Future (bought 10325 long contracts and 6167 short contracts were covered) with net OI increasing by 4158 contracts at same time Nifty gain 10.25 points and closed at 6284.5 (Spot)  Vs. 6274.25 (Spot) previous close.
§  FIIs covered the short positions from last two trading sessions and created longs at other end suggest minor bullish sentiment.

§  Nifty spot has strong resistance at 6310-6315 any close above this level may reason for short covering in nifty and also some fresh buying. Nifty has support at 6260 – 6220 

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