FIIs improved their long-short ratio for index futures from 14 percent to 28.26 percent by buying over 1.2 lakh index futures contracts. This shift came amid robust short covering on June 3.
The market bias has turned bullish for the short term, with the NSE Nifty 50 index witnessing heavy short covering in the futures space, followed by long additions.
Mantri highlights that the support for Maruti stock is placed at Rs 12800-12850 for short term perspective while resistance is at Rs 13300-13400 on the higher side.
Markets may see a less volatile session with low volumes in today s special trading, similar to the last few special sessions. Broader markets may see stock-specific action today, with traders having to brace for some restrictions.