Thursday, 16 January 2014

FII Data Analysis for 17- Jan

  • FIIs bought 11757 contracts of Index Future (bought 15408 long contracts and 3651 short contracts were added) with net OI increasing by 19059 contracts at same time Nifty gain 2 points and closed at 6318.9 (Spot)  Vs. 6320.9 (Spot) previous close.
  • FIIs adding long as well as shorts position today also, tough time for bulls as well as bears for a while. After yesterday’s rally nifty consolidates today suggest bullish range construction.
  • Nifty spot has resistance at 6345 – 6400 & support at 6295 – 6270. 

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