Friday, March 16

FII FnO Data Analysis for the Budget Day

Today is an all important event from a Stock Market perspective, Annual Budget 2012 will be presented today by Mr. Pranab Mukurjee.
Financial Markets will like Budget to be more of fiscal consolidation ie. Controlling the ballooned Subsidies on Diesel,Petrol and Fertilizers etc.
A Pragmatic Budget which paves way for growth by controlling the expenses and getting more revenues is the need of Hour. Will FM oblige us?
From Traders perceptive what matter is to be on right side of market.
Last Budget which was on 28 Feb and Nifty made a High of 5477 and low of 5308. So wild Swings expected today. Trade with caution with strict Sl
Below is my Interpretation of FII OI data Sheet for 14-Mar-12.
1. FII  sold ...

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