"If we analyze the above table and chart its clearly states that what the FIIs think in its mind about Index Futures including NIFTY Future direction. It indiactes that FIIs have overall negative thinking in index means to say they are taking huge short positions in index futures and creating a huge bearish pattarn on chat.
On the basis of above Table reading there are some important findings.....
FIIs have huge short Position in Index Futures including NIFTY Futures...
Total Net Short Position in Index Futures is Rs. 4257.23 Cr. @ 5706 (Average of NIFTY Spot Level on Short Position Basis)
After 19 Jan 2011 FIIs have not covered their Short Position except on 25 Jan 2011.
Over All trend is negative and situation can be more panic. So be Alert............
NIFTY Spot can go up to 5365.........
If you have taken long position on lower levels Book your profits every time when the market is become on upper levels....
On upside 5675 is Possible but on that level FIIs can take again short position in the index....."
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