FII Derivative Data Analysis for 22 August Trade in Nifty Future

Rally of Disbelief continues as Nifty hit 5400 after 5 months. Many traders are thinking with such rotten fundamentals CAG scam, Opposition demnading resignation of PM,Rupee near 55 etc.still nifty is scaling new highs, Well that's the power of liquidity driven rally. Let me share an interesting fact Spanish markets which are center of European crisis, Its Stock market IBEX is up 30% from the lows it made in July 2012.

So says the Idiom never go against the trend as markets are irrational and same is getting proved now.

1. FII  bought 12968  Contracts of NF ,worth 264 cores  with net OI increasing by 12172 contracts.
2. As Nifty Future was up by 60  points..

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