FII Data Analysis for 1- Jan
FIIs bought 503 contracts of Index Future (bought 5227 long contracts and 4724 short contracts were entered) with net OI increasing by 9951 contracts at same time Nifty lost 12.9 points and closed at 6304 (Spot) Vs. 6291.10 (Spot) previous close.
Due to New year & Christmas holiday FII inflow in Indian market seen very less hence nifty seems very dull during the entire trading session.
Nifty spot has strong resistance at 6320 any close above this level nifty may test 6235 – 6360. Nifty has support at 6288 – 6270.