FII Derivative Data Analysis for 12July trade in Nifty Future

We have 4 important event tomorrow :
1. Infosys results before market opens (Infosys Technically explained)
2. IIP data at 11 AM
3. WPI data expected to be highest in recent times
4. TCS Results after market closes around 6 PM
So its an eventful day and as Infy and TCS has combined weightage of 12% so it will definatley affect Nifty and set the tone for IT sector.

1. FII  sold 6084 Contracts of NF ,worth 150 cores with net OI increasing by 2746 contracts.
2. As Nifty Future was down by 35  points and OI has increased by 2746 contracts  means FII have  booked profits in longs and initiated  fresh  shorts in Index futures.

3. 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.  This is what we dis...

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