Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Will FII’s Pull their money out of India in Short term?

June 1, 2009 25 sec read

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USD Index can be consider one of the benchamark for measuring FII Inflows. In shorter words declining USD Index will attract FII inflows and raising USD index will attract FII's outflows.

USD Index started its downward journey from March 9 onwards since then NSE is being crowded by FII's . And after witnessing a Bullish hammer in the daily USD Index chart with negative divergence formation at oversold RSI-2 levels(Daily and Weekly) indicates the possibility of trend reversal in short term. Which in turn indicates lower crude,gold prices in short term + FII's turning net sellers in equity markets.

2 Replies to “Will FII’s Pull their money out of India in…”

Anonymous says:

June 2, 2009 at 12:33 pm

Sir, I am still holding Nifty short position. Should i hold tomorrow ?Rgds,Swati
Rajandran says:

June 3, 2009 at 1:04 am

Hi Swathi Cover Nifty and Short only if Nifty closes below 4476

Will FII’s Pull their money out of India in Short term?

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