- FIIs sold 2168 contracts of Index Future (sold 5578 long contracts and 3410 short contracts were covered) with net OI decreasing by 8988 contracts. FIIs were net seller today.
- Nifty made life high and at same time FIIs started both selling long & covering short contracts. In this rally mid cap & small cap stocks are not participating & also advance-decline ration not favorable. It’s advisable to traders that follow strict stop loss. Other side the volume is not supporting this rally. There will be a big explosive move expected tomorrow.
- Nifty may test 7845 – 7895 & support levels comes at 7805 – 7770 – 7730. Tomorrow is a weekly closing and bulls will try to close above 7850 & bears will try to close below 7730.
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24-Jul-14
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Client Type
|
Future Index Long
|
Future Index Short
|
|
Client
|
45.08%
|
47.69%
|
|
DII
|
0.39%
|
0.55%
|
|
FII
|
46%
|
31%
|
|
Pro
|
9%
|
21%
|
|
Total
|
100%
|
100%
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