FII: - Rs 1049 cr, MF + Rs 677 cr

FII Gross purchases Rs 2188 Cr Gross Sellers Rs 3238 Cr Net Sellers Rs 1050
Cr. MF Gross Purchases Rs 1014 Cr Gross Sellers Rs 337 Cr Net buyers Rs 677 Cr.

Our View:

This could be arbitrage trades where the FIIs would have been long in cash and short in futures to take advantage of the premium. So these should be seen in conjunction with FII action in FNO. Today was last day of year...some profit booking was seen. Markets is headed towards result seen and that will be seen as trigger ahead.