FIIs have reduced their longs considerably to 49% now, with 22000 zones looks like coming through… below 22200 (futures), we will see swift move towards 22000/21800 zones and BANKNIFTY in this move to test 47000/46800 again.
However buying in STOCK FUT and selling of INDEX OPTIONS by the FIIs, can see some dead cat bounce move today till 22400 zones, if 22200 zones are held
