As per NSE data, FII were net buyers of Rs. 825.52 cr. (provisional)
First of all, I don't want this blog to be orphan in absence of JayJi. Thanks Jayji for giving us the opportunity to update the blog.
In my view, nifty is consolidating at this moment. If in next two days nifty doesn't move past 5675-5685 then we will see 5500 within 3-4 trading sessions. My idea for trading is to go long near to 5610-15 with stop loss of 5595 or go short near to 5660-70 with stop loss of 5685. Once it breaks 5595 we may see 5500 either on same day or next day. Or if it breaks 5685, we may see 5800 either on same day or next day. But use stop loss according to your risk appetite. This is purely my opinion without any technical inputs and I use just my common sense (?) and key historical support/resistance points.
FOR TODAY: WATCH 5659 ON THE UPSIDE. ABOVE 5659, ONE MAY GO LONG FOR 15-20/30 POINTS; THE OTHER SIDE OF THE COIN, YOU KNOW WHAT IT IS...........
