FII Derivative Data Analysis for 5 June trade in Nifty Future

1. FII  sold 15023 Contracts of NF worth 347 cores,OI increased by 25979.
2. As Nifty Future was up by 15 points and OI has increased by 25979 contracts means FII have used the rise to add shorts into the system.

3. Nifty made a low of 4770 just short of our trigger of 4767 and bounced back sharply so significance of 4767 was show today,Lets watch this level closely.

4. Bulls showed first sign of existence today with a close above 4800 and protecting 4770 in-spite of such bad global cues but will it last, A support when touched multiple times becomes prone for breakdown.You..

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