market over view on21/09/2009

Fiis today have change of stance of last 4 day..after hefty selling...they today baught net 532 cr in cash, while indian funds were also buyer of 95 cr...as fii's were heavy buyers it forced bears to cover 4500 calls shorts which they have been making in last days..but since morning bears were regularly covering that short and by the end they covered 12 lac shorts of 4500 nifty calls...which clearly meant that 4500 nf will be conqured by bulls and which it did in last hour of trading and mkt closed on highs...now all eyes on 4600 nifty calls where again bears have heavy shorts of more than 40 lacs..on monday one will have to see what is final fate of that..watch