FII Derivative Data Analysis for 11July trade in Nifty Future

1. FII  sold 4964 Contracts of NF ,worth 207  cores with net OI increasing by 19468 contracts.
2. As Nifty Future was up by 70  points and OI has increased by 19468 contracts  means FII have initiated  fresh  longs in Index futures.

3. Nifty is still Buy on Dip till 5260 is not broken on closing basis .Nifty made a fresh July high today at 5349 and sentiment is overtly bullish with calls of 5500-5600 on cards. If one see the Daily charts closely 5342-5378 is the range of supply,Risk traders can take fresh shorts in this range with Sl of 5380.

4. In Weekly analysis i gave the importance of..

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