Nifty saw a good move on Friday, it opened above 11,370 and quickly settled near 11,420. My recommendation to short Nifty March 14th. around 11,350 did not work as the gap up was pretty high and trade was not executed. This was good as no trade is better than a loss.
I would request you all to have a look at below Institutional chart :
As we can see FII’s are pouring huge money into Indian markets as they brought more than 4k Crore net in cash markets, are they sensing something. Is it possible they are confident about Modi led BJP returning to power, nothing else can explain this crazy buying by FII’s from past 17 sessions in cash markets.
My assessment is Dollar at 68.96 as of today’s date and FII’s algo’s powered by super computers are looking at bigger picture and laying a foundation for another 5 years, something our human brains are finding hard to comprehend.
Current Nifty resistance is 11,420 and as long as this holds Nifty will look to rally towards 11,700. So it’s apt I end today blog with below quote :
“Trade the market in front of you, not the one you want”
Scott Redler
ArthaNiti 
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