nifty ahead...

fiis net bought 241 cr.(prov. cash)+641cr.(f&o)
diis bought 425 cr. in equity(prov. cash).

mkt behaved exactly as been mentioned in previous posts. one more interesting thing is it moved exactly within our two drawn support trendlines! therefore intraday support and resis for yday was very well known.

the nifty spot rangebound movement roughly 3300 to 3512 was very played by intraday traders selling at highs and buying at lows during the last so many sessions. yday alone it meant a whopping 100 plus points in intraday!

also the intermediate trend is intact with the lower tline being respected so far, so buy at dips or holding onto the positional existing longs worked well.

any closings below this line will be bearish and a breach of which could lead to a test of 3147 etc.

hence positional (intermediate trend) players, trade with positive bias with tline tsl of 3330 or the imp 3000 lvl as support.

correction: pls read the last line above as,'hence positional (intermediate trend) players, trade with positive bias with tline tsl of 3330 or the imp 3300 lvl as support'. error is regretted.