FII Derivative Data Analysis for 19 July trade in Nifty Future

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Yesterday we has discussed going by History Nifty will not fill the gap from 5189-5150 and can give us the whipsaw move to trap shorts. As always Market move in a direction which gives maximum pain to traders and again History repeat.
NF bounced from 5177 which was just 4 point short of our Trend Deciding level 5181 and pullback to make the high of 5237. Bulls were winner EOD as they were able to close Nifty above 5200.
1. FII  bought 10409 Contracts of NF ,worth 272 cores with net OI decreasing by 5195 contracts.
2. As Nifty Future was up by 25 points and OI has decreased by 5195 contracts  means FII have covered  shorts near...

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