Preparing For profit booking over the Nifty Future

Yesterday Nifty closed up 23.15 points at 6169.90 while Nifty futures closed at 6178.05, premium of 8.15 points. FIIs bought in Cash, net buy 1070.32 Crore while DIIs sold in Cash, net sell 390.42 Crore. FIIs sold in Index Option, Stock futures but bought in Index futures, net sell 641.81 Crore.

FIIs bought 61666 contracts of Index futures and sold 59718 contracts of Index futures which come to net buy of 1948 contracts worth 62 Crores with net open interest increasing by 24122 contracts.

Considering all above facts it seems that FIIs again went long in Index futures!

Many bearish traders, who took short positions following the downward correction two days ago, were trapped and forced to exit, booking losses. Fund managers who have not been investing or who are still sitting on cash hesitating would possibly find themselves in a fix now. If they do not participate, they are going to get punished if the market moves up and if they do, they could be riding the volatility in an unfavorable way.

Forget Fund Managers….As a traders what should be your strategy?

For now, the market is in the grip of some serious flows and momentum. So, as a trader one just needs to track that and not worry about valuations.

Yesterday, We told you to BUY NF 6144 and Targets given in morning strategy of NF 6188 and 6211-6226 and 6244-6268 (This call given for positional)

in last hrs of trading, 2nd call generated for sell NF 6174-6178 with SL 6180 (STOPLOSS hit with loss of Rs.5 per share)

We are long with many scripts on Wednesday and yesterday (ABAN Stock future, ADANI ENT. and LT etc.)

Yes, FII still investing money in Indian stock market as per our contacts.

Today, Concentrate on 6200-17

(heavy seller will attack 6200 above on NF)

Book Profit on all your long position 6200 above…!

How much fall expected today? Where to sell NF today? Why I should sell NF today? Any Special Reason for selling NF?

(Don’t ask Questions like above.!)

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