FII Activity In August 2013 - Still buying Indian Equities: Go Long!!

Contrary to what is being reported that the market is falling due to FII selling in the Indian Equity markets.. data reported by SEBI says otherwise..

FII Investment in Equities:

1 Aug 2013: FII Net Equities Investment: +ve 177.10 Cr

2 Aug 2013: FII Net Equities Investment: +ve 281.10 Cr

5 Aug 2013: FII Net Equities Investment: +ve 440.30 Cr

6 Aug 2013: FII Net Equities Investment: +ve 150.90 Cr

7 Aug 2013: FII Net Equities Investment: +ve 356.60 Cr

8 Aug 2013: FII Net Equities Investment: -ve 252.90 Cr

12 Aug 2013: FII Net Equities Investment: -ve 338.60 Cr

13 Aug 2013: FII Net Equities Investment: +ve 415.70 Cr

14 Aug 2013: FII Net Equities Investment: +ve 76.30 Cr

16 Aug 2013: FII Net Equities Investment: +ve 294.70 Cr

From 1st Aug 2013 to 16 Aug 2013 FII Equity Investment is: +ve 1601.20Cr 

FII have been selling in the debt market and thus the total FII Activity is -ve in the capital markets but Equity specific activity is Net Positive..

Conclusion: NIFTY on Friday 16 Aug 2013 closed at 5507.85 its advise able to buy at these levels.. instead of shorting