FII Derivative Data Analysis for 4 June trade in Nifty Future

1. FII  sold 21970 Contracts of NF worth 496 cores,OI increased by 23336.
2. As Nifty Future was down by 97 points and OI has increased by 23336 contracts means FII hace added shorts into the system.

3. Nifty will open near crucial support of 4767 which is 78.6% retracement of entire move from 4531-5630,any close below the same will increase the probability to touch the 52 week low of 4531

4. Taking an overall view of June series, things looks bearish as today was Monthly close and Nifty closed below 4950 on monthly basis which make it SELL ON RISE on Monthly time frame. Sentiment is bearish...

Read the Full Story