FII Derivative Data Analysis for 10 August Trade in Nifty Future

IIP data came in -1.8% worse than expectation,reminding us that Indian Macros are rotting. So now we have typical situation Major Brokerages are downgrading Indian GDP data, India twin deficit are increasing still markets have been rallying from 5033 Nifty. This question troubles many traders how come market go up when things are looking so bad.
Well market in short term are always driven by liquidity and fundamentals will take their course in due course of action but in short term its always a liquidity driven rally so whatever be your thought process if you are going against the trend and sympathizing yourself with excuses we just discussed you are on the way of becoming a losing trader. Trade with system and keep your emotions out when you sit on your trading desk to avoid such trading mistakes.
1. FII  bought 3180  Contracts of NF ,worth 27.23 cores  with net OI increasing by 9422 contracts.
2. As Nifty Future was down by 5 points and OI has ...

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