CUES FOR TODAY
Gift Nifty -185 Pts at open
Sharp Fall on Wall Street on Friday
FII Net Shorts near all time high

Will Bears continue attack; Can Bulls fight back?

Wall St on Friday
Dow  -1.6%
S&P 500   -1.5%
Nasdaq  -1.6%

Cash Market Flows:
DII +3962 Cr
FII -2255 Cr

F&O Flows
- FIIs sold 1020 Cr in Index Futures
- FIIs add 10000 Additional Shorts in Index Futures
- FII Net Shorts at -2.77 Lk Contracts, Long Exposure at just 16%
- Clients at >3 Lk Net Long Contracts

Nifty:  Lower highs for 7 straight sessions
Jan 2: 24226
Jan 3: 24196
Jan 6: 24089
Jan 7: 23795
Jan 8: 23751
Jan 9: 23689
Jan 10: 23597

Gift Nifty 
- Suggests opening near Friday’s Low of 23346
- Could there be buying around the lows, after a ~1000 Pt correction in last 7 sessions?
- If Nifty crosses past the previous day's high, Bulls will get some hope.

Key To Track Recovery will be 
- Nifty Bank 
- Nifty IT 
- Reliance 

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