FII Derivative Data Analysis for 19 June trade in Nifty Future

RBI did the right thing by not reducing the rates but so much expectation was built in so we had a 100 points collapse in NF in 10 mins, Also i did mention is last analysis do not take position in Opening trades as pressure will come from people holding longs. Still the trend is bullish till we are closing above our rollover range of 5013. Fitch has downgraded India rating to negative from stable  such news provide an opportunity for Longs to be taken in DIPS, The 61happened on last Thursday 14 June Nifty cracked to 5054 and next day closed at 5139 so such news are excuse for Bulls to book profit and enter again at lower levels.

1. FII  bought 6616 Contracts of NF ,worth 189 cores.

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