Disclosure: Yesterday, We told you that NF hurdle for sale 6038-6046…and also cleared you “JOOM BARAABAR JOOM if crossover 6058″
Yes, We have seen NIFTY Future JOOM to 6168.
Suppose to crossover 6185 and stay above it for more time…than 6209-6222 very soon.
Weakness is only below 6085 below…therefore, go long in deep…
Nifty closed up 151.35 points at 6146.75 while Nifty futures closed at 6161.50, premium of 14.75 points. FIIs bought in Cash, net buy 1646.95 Crore while DIIs sold in Cash, net sell 747.11 Crore. FIIs bought in Index future, Index Option but sold in Stock future, net buy 189.73 Crore.
FIIs bought 86198 contracts of Index futures and sold 78101 contracts of Index futures which come to net buy of 8097 contracts worth 246 Crores with net open interest increasing by 24963 contracts.
Considering all above facts it seems that FIIs again went long in index futures…
Yesterday, the Market spurted after Reserve Bank of India said it would take into account falling inflation while deciding on policy initiative in its review next month.
RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.
Technically, Nifty futures closed past several hurdles yesterday showing bulls will continue to dominate in a day to come.
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