1. FII bought 20582 Contracts of NF worth 503.41 cores OI also increased by 17768.Surprise Rate cut of 50 BPS is a welcome booster for Bulls. Listless market which was lacking triggers got a boost of liquidity from RBI
2. As Nifty Futures was up by 71 points and OI has increased by 17768, ie.Rise in Price with Rise in Open Interest,Fresh longs were added by FII.
3. Nifty closed above 20SMA@5260....
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