Thursday, January 17, 2013

Nifty Astro Technicals for January 17 2013

Nifty had chosen to close negatively today.
The critical resistance is at 6020 and supports are at 5970 and 5940.If these levels are breached, then we can be surer that Nifty has reversed.
But let us keep an eye on the liquidity situation..
FIIs had been consistently buying, even on down days.
What is it they buy?
 They are buying the cash market and selling  Futures.This means they are bearish in the short term and bullish in the longer term markets.
Domestic Institutions have been consistent sellers..

Here is the updated count.....

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