FII'S being net sellers in last two trading sessions

The technical indicators of the BSE Sensex index chart were looking
bullish last week, but the slowing upward momentum near the 17000
level and lower volume on Fri, Nov 13 '09 were concerns that haven't
been dissipated.

The BSE Sensex spent the week playing hide and seek with the 17000
level, finishing the first two days above it, the next two days below
and then, with a final surge on short-covering on Fri, Nov 20 '09,
ended on 17022 - 173 points (1%) higher for the week. Interestingly,
FIIs were net sellers on Friday.


FII's have been short for 2 days but in the long run we have to remember that they are bullish on india . Its a question of valuations now-how much to give seeing the growth prospective of the company . Also they have been increasing their stake in some of the companies they feel would be leaders of tomorrow. Anant raj industries , amara raja batteries , lakshmi energy , modern dairies are such examples.

short telecom stocks tomorrow....:)