FII Derivative Data Analysis for 30 May Trade in Nifty Future

1. FII  bought 9477  Contracts of Index Futures worth 216 cores OI increased by 20063.
2. As Nifty Futures was up  by 6  points with  OI increased  by200635 , Huge Short were covered by FII.
3. INR (http://inrliverate.blogspot.in/),Click on link to get live rate during market hours closed at new low of 55.59 so the low of 55 was protected and INR has started rising again,the same effect was seen in NIfty in dying hours as it closed below psychological support of 5000.
4.Nifty today closed above 4981 ie. 20 SMA which is technically bullish,Till it trades above 4981 bulls have upper hand. Hourly charts are overbought and dips till 4920 can happen as we have gaps and cool off..

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