FII-DII trading on NSE and BSE-19Nov2010

This week, FIIs have sold their long positions significantly in Futures and Options. And they have written (sold) call options for Nifty 6100 and 6200, which means the Nifty Index will find it difficult to cross these levels in the short-term. The real support for this market is between 5450-5550, which was the level from where the rally started. An intermediate support is at 5800-5820, from where a short-covering pullback can happen for 100-200 points up to reach 5950. But if the selling pressure remains strong, then 5500 levels are possible.

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