iCharts Discussions

[rsnagesh]

FII'S NET OPEN POSITIONS STATUS AS ON 01-07-2008.:
FII'S SHORT SOLD IN ALL THE INDEX FUTURES AMOUNT (IN CRORES)

292263 CONTRACTS 6446.96 Crs.--SHORTS SQ OFF % SO FAR IS 45.70*

FII'S LONG PURCHASES IN ALL THE INDEX OPTIONS AMOUNT (IN CRORES)

59133 CONTRACTS 1267.53 Crs.

FII'S SHORT SOLD IN STOCK FUTURES AMOUNT (IN CRORES)

26510 CONTRACTS 846.54 Crs..--SHORTS SQ OFF % SO FAR IS 76.44*

FII'S LONG PURCHASES IN STOCK OPTIONS AMOUNT (IN CRORES)

25449 CONTRACTS. 516.43 Crs.

*NOTE.: OUT OF THE TOTAL SHORTS MADE BY THE FII'S BOTH IN INDEX FUTURE AND IN STOCK FUTURE AS ON 01-07-2008.

PS.. COMMENTS.: FROM THE ABOVE ONE CAN COME TO KNOW THAT FII'S WOULD PROBABLY BRING DOWN THE MARKET TILL LAST FORTNIGHT OF MAY 2008 TO SOMEWHAT BETWEEN 4754 TO 4828. BUT IN REAL TERMS, IT HAS BROKEN THE ABOVE LEVEL AND WE HAD RE-TESTED THE 4448.50 WHICH WAS INTRADAY LOW A/CTED ON 21-01-2008 AND BROKEN THE LOWEST CLOSING POINT OF 4503.10 AND RECORDED A NEW LOW OF 4369.80 AS INTRADAY LOW AND AT 4449.80 ON THE CLOSING BASIS ON 10-06-2008. IT SEEMS THAT MAJORITY OF THE MARKET PLAYERS HAVING WITH THE BEARISH KIND OF VIEW AS ON DATE. AT THIS JUNCTURE, WE HAVE TO CLOSE 4002.20 AND 4046.45 AT LEAST FOR 5 CONSECUTIVE TRADING DAYS TO CONVINCE THE SHORT SELLERS TO SQ OFF THEIR SHORT POSITIONS. AND THEREAFTER, IT MUST CLOSE WELL ABOVE 4143 FOR 5 CONSECUTIVE TRADING DAYS TO CHANGE THE MINDSET OF THE SHORT SELLERS. ONCE THE SPOT NIFTY WOULD CLOSE WELL ABOVE THE RANGE OF 4309 TO 4465 AND IN SENSEX FROM 14445 TO 14995 FOR A WEEK TIME, THEN THE GENERAL DIRECTIONAL VIEW GET CHANGES IN A MAJORITY WAY. TILL SUCH TIME, ONE HAS TO APPLY WAIT AND WATCH FOR THE NEXT TRIGGER TO HAPPEN PRACTICALLY. THEREAFTER, THERE MAY BE A CHANCE OF BREAKING WELL ABOVE 4905 TO 5358 ONLY AFTER 1ST QUARTER RESULTS OF NIFTY 50 STOCKS WOULD BE OUT. THE UPPER SIDE TRIGGER WOULD PROBABLY FROM IIP DATA RELEASE DATE OR THE INFOSYS'S FIRST QUARTER RESULTS. IT'S GOING TO BE RELEASED OUT ON 11-07-2008.