Short Covering from FII taken market from below 5000 levels to resistance level of 5150-5180 in a day.If you check closly there was no real change in currency future in whole day.Is in it strange ?As per www.bseindia.com FII brought 769Cr today ,so it was just shifting there money from Derivatives to Cash,as simple as that.They covered there position in 5000 & 5100 CALLS.There was a Covering of 58Lakhs of Open interest in both these CALLS.
Sensex closed at 17231, up 539 points and Nifty at 5144, up 158 points from the previous close. CNX Midcap index was up 1.61% and BSE Smallcap index was up 1.51%.Top Nifty gainers included Hindalco, NTPC and Sterlite Industries.
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