ON 17TH APRIL 2012 WE SAW THAT IMF REVISED THE GROWTH RATE OF GLOBAL MARKET ON POSITIVE SIDE @ 3.1% AND WE SAW A SHARP UPSIDE RALLY IN GLOBAL MARKETS AS NASDAQ WAS +2%, DOWJONS WAS +1.50%, SPAIN +2.28%, CAC 40 WAS +2.72%, AUSTRALIA WAS +2.34%, GERMANY WAS +2.65%, ITALY WAS +3.68%. IF WE LOOK ON FIIs NO, THEN FIIs HAVE COVERED THEIR SHORTS POSITION IN NIFTY FUTURE VERY FAST RS. +503.41 CR. AND ALSO BOUGHT IN CASH SEGMENT.
2ND DAY ON 18 APRIL 2012, FIIs AGAIN COVERED THEIR SHORT IN NIFTY FUTURE RS. +589.46 CR. AND ALSO BOUGHT IN CASH SEGMENT RS. 221.63 CR. ON 18 APRIL 2012 FIIs HAD SHORT COVERED NOT ONLY IN NIFTY FUTURE BUT ALSO BOUGHT IN CASH SEGMENT.
IT WAS THE 3RD DAY ON 19TH APRIL 2012 WHEN FIIs AGAIN COVERED THEIR SHORT POSITION IN NIFTY FUTURE RS. +653.11 CR WHICH WAS MORE THAN THE LAST TWO SHORT COVERS AMOUNT.
TILL 11TH APRIL 2012 FIIs HAD SHORT POSITION IN NIFTY FUTURE RS. -1525.52 CR. @ 5297.56, NOW FIIs HAVE ONLY RS. -294.04 CR SHORT POSITION IN NIFTY FUTURE TILL 19TH APRIL 2012, CLEARLY SHOWS THAT FIIs HAVE COVERED THEIR SHORT POSITION AFTER 11TH APRIL 2012. ON 12TH APRIL COVERED RS. +192.66 CR., ON 13TH APRIL 2012 COVERED RS. +214.50 CR, ON 16TH APRIL 2012 SOLD RS. -333.58 CR, ON 17TH APRIL 2012 COVERED RS. +503.41 CR, ON 18TH APRIL 2012 COVERED RS. 589.46 CR, ON 19TH APRIL 2012 COVERED RS. 653.11 CR WHICH IS HIGHEST COVERED AMOUNT IN LAST ONE. NOW TOTAL NET SHORT COVERED AMOUNT RS. +1819.56 CR. @ 5253.65 NIFTY SPOT LEVEL AND SHORT POSITION WAS RS. -1525.52 CR. TILL 11TH APRIL 2012 @ 5297.56, MEANS CLEARLY SHOWING THAT WHATEVER THE SHORT POSITION HAD TAKEN @ 5297.56 NIFTY SPOT LEVEL HAVE BOOKED MAJOR PORTION @ 5253.56 NIFTY SPOT LEVEL. MEANS FIIs HAVE BOOKED PROFIT IN MAJOR PART OF SHORT POSITION IN NIFTY FUTURE. AND WHATEVER THE REMAIN POSITION IS THERE WILL BE BOOKED FURTHER, THAT'S WHY WE ARE SEEING THAT WHEN NIFTY GOES DOWN THEN BOUNCE BACK IS SEEN AND ALSO TRADING IN TIGHT RANGE WITH UPWARD DIVERGENCE.
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