FII Data Analysis for 29- Jan

• FIIs sold 546 contracts of Index Future (bought 22013 long contracts and 22559 short contracts were added) with net OI increasing by 44572 contracts at same time Nifty lost 9.6 points and closed at 6126.25 (Spot)  Vs. 6135.85 (Spot) previous close.

• As mentioned from last two reports FIIs creating shorts near to support zone and today on RBI policy nifty drag down till 6085.95 in intraday and bulls manage to recover somehow against bears. Today FIIs creates long as well as short positions.

• Nifty spot has resistance at 6165 – 6205 & support at 6085 – 6040.