Tuesday, 4 March 2014

FII Data Analysis for 5 March

1) FIIs bought 22080 contracts of Index Future (bought 24915 long contracts and 2835 short contracts
    were added) with net OI increasing by 27750 contracts.
2) FII bought long and also create shorts and stayed net buyers in index future. Nifty closed near the
    psychosocial barrier around 6350. Nifty has to stay above 6250 to maintain bullish sentiment.
3) Nifty Trading Strategy: Buy Nifty Fut above 6345 Target- 6368/ 6375  SL- 6328                                                                   Sell Nifty Fut below 6315 Target- 6294/ 6285  SL- 6334

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