FII Derivative Data Analysis for 6 June trade in Nifty Future

1. FII  bought 12154 Contracts of NF worth 285 cores,OI decreased by 6230.
2. As Nifty Future was up by 6  points and OI has decreased by 6230 contracts means FII have used the rise to cover shorts.

3. Nifty made a high of 4898 today but unable to sustain above it. Fibo Resistance comes at 4895 and 4924, Unable to close above 4895 means FIBO traders have intitated shorts at higher levels.
4. Nifty has formed a DOJI pattern along...

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