FII FnO Analysis for 16 May trade in Nifty Future
FII Derivative Stats for 16 May Trade in NF
1. FII sold 3873 Contracts of NF worth 66 cores OI increased by 397.
2. As Nifty Futures was up by 54 points and OI has increased by 397 , which signify partial shorts have entered the system.
3. Nifty has closed below 5000 for 5th 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 4951 is a victory for bears.
4.Nifty gave a relief rally today from 4869-4955 which is 86 Points On Friday it moved from 4905 to 4976 which is again ....
Read the Full Story
1. FII sold 3873 Contracts of NF worth 66 cores OI increased by 397.
2. As Nifty Futures was up by 54 points and OI has increased by 397 , which signify partial shorts have entered the system.
3. Nifty has closed below 5000 for 5th 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 4951 is a victory for bears.
4.Nifty gave a relief rally today from 4869-4955 which is 86 Points On Friday it moved from 4905 to 4976 which is again ....
Read the Full Story
posted by Bramesh at
9:34 PM
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