FII Data Analysis for 15- Jan

• FIIs sold 13253 contracts of Index Future (bought 4934 long contracts and 18187 short contracts were added) with net OI increasing by 23121 contracts at same time Nifty lost 30.9 points and closed at 6241.85 (Spot)  Vs. 6272.75 (Spot) previous close.

• FIIs creating shorts position today suggest FIIs using rally to be short opportunity, every rise in nifty may use as selling opportunity as market not able to sustain above 6250 resistance zone.

• Nifty spot has resistance at 6250 – 6285 & support at 6230 – 6213 – 6195.