Today was a good session in the market. Global markets were again stable and currency close to 67 mark. News of RBI withdrawing FII stake buy limit in HDFC bank came before market opened and this caused markets to open gap up. Bank Nifty opened 600 – 700 points higher and made a new life time high. But, later in the day pared gains to end up 1.5% up. Difference in futures and spot price certainly was concerning and in real time it was difficult to comprehend what would be the near term impact. From a positional trader perspective, this is just price moving in direction of trend. Focus should remain on trailing positions rather than anticipating the next immediate move. Trajectory of price is up. Medium term support for Bank Nifty spot is 19800 and medium term support for Nifty spot is 8500.
Have a great weekend.
FII Activity 17th February 2017 – Daily Cash segment summary
FII’s: + 8043.14 Crores (Due to HDFC limit being removed.)
DII’s: – 5631.99 Crores
FII Activity 17th February 2017 – Daily Derivative Segment:
Index Futures: – 718.53 Crores
Index Options: + 1541.33 Crores
Stock Futures: – 5337.21 Crores
Stock Options: + 34.6 Crores
FII Activity 2017 February – Summary Cash
FII’s: + 9726.05 Crores
DII’s: – 1673.21 Crores
FII Activity 2017 February – Summary Derivative
Index Futures: + 3208.21 Crores
Index Options: + 11037.84 Crores
Stock Futures: – 11783.08 Crores
Stock Options: – 185.34 Crores
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