FII FnO Analysis for 15 May trade in Nifty Future

Below is my FII interpretation for FII datasheet for 15 May


1. FII  sold 14152  Contracts of NF worth 327 cores OI increased by 19634.
2. As Nifty Futures was down  by 43 points and OI has increased  by 19634 , which signify more shorts have entered the system.
3. Nifty has closed below 5000 for 4th day in a row  and  below 4951 which was a psychological level 61.8% retracement  and every attempt to move above 4950 was getting sold into. Trading below 5000 and daily adding shorts by FII gives a bearish picture ahead for series.Today Inflation data at 7.23% has further reduced the scope of rate cuts by ..

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