Thursday evening after seeing rebound in nifty I thought selling is over now we can see "V" shaped recovery but I don' t think this going to happen because of the way FII's shorted the Index. Let's Analyse the Index Future data let's start with retailers who are net buyer today they bought 11,956 index future contracts and cover the 201 shorts and now they hold 2,11,112 Long contracts and 1,30,363 shorts contracts. On the other hand DII's Neither Added Long contracts but covered 3,218 short contracts and now They hold 17,362 Long and 58,215 Shorts. Now let's talk about MARKET MAKERS (The FII) on Friday they not only covered Long but also added shorts. They covered 2,420 Long and added 17,745 short and their position in future index now is 40,493 Longs and 1,04,164 Shorts. Pro's Added 5,480 Long and shorted 690 contracts and now they currently hold 44,372 Longs and 20,597 shorts.