Wednesday, January 28

Nifty continue to rally for 8 session, Whats next

FII
  • FII's bought 72.7 K contract of Index Future worth 1731 cores, 82.8 K Long contract were added  by FII's and 10 K  short contracts  were added by FII's. Net Open Interest increased  by 92.8 K contract ,so FII's added long in majority and added  partial  shorts in index future.
Nifty made new life high today @ 8925 and the bull run continues with big money flowing by fii's and rising for 8 straight session , as per my perceptive last rally we saw from 7723 to 8627 was 904 points long and took 33 days to complete, the current rally which started from 7961 till 8925 is now 964 points which is more than last rally  and consumed 28 days  and also the maximum rally we have seen..

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