FII Derivative Data Analysis for 13 June trade in Nifty Future

1. FII  bought 93  Contracts of NF ,OI increased by 20735.FII have created again longs in Index future.
2. As Nifty Future was up by 74  points and OI has increased by 20735  contracts  means FII have created fresh longs in Index futures.

3. Nifty made a high of  5129 and closed above both 200 DMA@5068 and 50 DMA@50874, which is a bullish confirmation. Many market participants were surprised by this rally as we had a worse IIP data,but flip side it increases the probability of rate cut.   Till 4938 is not broken Bulls have upper hand

4. Lets zoom into the FII Datasheet we c...

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