FII Derivative Data Analysis for 18 July trade in Nifty Future

Another Fry day with Nifty stuck in range, Opened Gap up consolidated in 20 points range and finally gave up all gains and filled the gap and closed for 4 days in a row in red. Tomorrow being 5 day which is a Fibo number,hence probability of a green closing have increased.This move in Nifty very well go by our analysis stating July being a month of consolidation.Markets will take further cues from Ben Bernanke testimony today.
1. FII  bought 5623  Contracts of NF ,worth 129 cores with net OI increasing by 17453 contracts.
2. As Nifty Future was down by 8..

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