Major reasons why Nifty might remain weak: 1. Maximum buy position was continued to be built in 7300 Put. 2. Friday Open Interest data clearly shows FII still selling in the Index futures. They have sold a total of Rs. 4653 Cr. In Index futures since 1st April. 3. FII have been seller in the Cash markets too where they have sold equity worth Rs. 958 Cr. 4. S&P COT (commitment of Traders) data released on Saturday is sell consecutively for the second week. This gives further confirmation of the weakness in the global markets.
Submitted April 11, 2016 at 01:53AM by ShaileshSaraf http://ift.tt/1qILjDD
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