Institutional Activity

The FIIs have sold for about 1005 crore in cash markets in last 4 trading sessions and shorted a paltry 77 crores worth of futures in Index Futures. But the main activity has been the Index Options segment where they have made purchases worth 5300 Crores, indicating a certain movement in either direction. It seems Nifty is likely to test 5180 - 5200 range in coming sessions - thus giving an average returns of 50% to FIIs in a matter of just a week! (Smart Money - eh?)