And the Bull Party Continues

Bull party on Dalal street continued today as well.  Nifty opened with a small gap up and consolidated till 13.30 hours and closed near highs at 8521.05, new closing high for 2016.

In cash segment , both Foreign institutional investors (FIIs) and Domestic institutional investors (DIIs) were net buyers of Rs 213 crores and Rs 119 crores respectively.

In FNO segment, FIIs bought 18,028 contracts of Index Futures and 14,265 contracts  of Index calls. They also bought 366 contracts of Index puts.

DIIs added 5,331 contracts of Index Futures shorts and they are net short by 12,610 contracts.

Nifty Put Call Ratio (PCR) data shows 8400 as support and 8600 as resistance. IIP data announced today evening is mildly positive.