Friday, January 6, 2017

Market rally to continue

Indian stock market is expected to open in green and close with substantial gains. Fiis have scaled down net selling in cash market and have increased their long positions in derivative segment. 

In the derivative market,  yesterday, Fiis have bought 1673 crore of Index futures and bought 1541 crores worth of Index options. 
In the Stock futures segment, Fiis bought 347 crores worth of stock futures and sold 53 crores stock options. 

 Fii’s have increased their exposure in Index long futures (by 24%) and their positions in Index shorts is increased by 1.5. %. In options, Fiis have increased positions in Index Call (long) by 20 %.

Banks, pharma and auto stocks are expected to do well in today's trading.

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