FII sold 8.2 K contract of Index Future worth 737 cores, Net OI has increased by 6 K contract,1 K Long contract were covered by FII and 7.1 K Shorts were added by FII. Net FII Long Short ratio at 2.1 So FII used rise to exit longs and enter shorts.
As Discussed in Last AnalysisToday volume in cash market were highest in last few days so time to be cautious. Last time FII were seller in cash market was on 30 Oct and we made bottom on 30 Oct end of Bear cycle saw a Big rally.So range of 12960-12990 is crucial for bulls to cross for upmove to continue till 13047/13104. Bears below 12876 can see fall towards 12820/12763/12707.High made was 12963 so bulls unable to cross the range and bears once below 12876 did 3 target on downside.Now Bears need to break 12730 for downfall to continue towards 12690/12610/12555. Bulls above 12830 can see rally back to 12910/12963/13020.In the markets Buyers make money, Sellers make money–it’s the pigs who get slaughtered ! Definition of a Pig : Greedy short term player, looking for small profits with big risk and no knowledge of the markets. Today was one of that day where many traders got slaughtered .