FIIs HAVE TAKEN SHORT POSITION IN INDEX FUTURES INCLUDING NIFTY FUTURE RS. -611.47 CR @ 5537.15 AND SOLD STOCKS IN SPOT RS. - 992.15 CR ON 04 MAY 2011. FIIs HAD TAKEN SHORT POSITION ON 03 MAY 2011 ALSO RS. -1637.63 CR. @ 5565.25 IN INDEX FUTURES INCLUDING NIFTY FUTURE AND RS. -1178.70 CR IN SPOT ALSO.
ALL THESE FRESH SHORT POSITION IS LIKELY TO COVER -175 TO -200 POINTS DOWN FROM THE CURRENT LEVEL. MEANS 5565 - 200 = 5365 ,OR 5537 - 200 = 5337 OR 5565 - 175 = 5390 , OR 5537 - 175 = 5362.
SO SHORT COVERING IS POSSIBLE FROM THESE LEVELS 5390 - 5365 - 5362 - 5337.
ALL THESE FRESH SHORT POSITION IS LIKELY TO COVER -175 TO -200 POINTS DOWN FROM THE CURRENT LEVEL. MEANS 5565 - 200 = 5365 ,OR 5537 - 200 = 5337 OR 5565 - 175 = 5390 , OR 5537 - 175 = 5362.
SO SHORT COVERING IS POSSIBLE FROM THESE LEVELS 5390 - 5365 - 5362 - 5337.
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