FII Derivative Data Analysis for 16 August Trade in Nifty Future

                                                        Wishing All a Very Happy Independence day...

Market rallied on 14 August wholesale price index (WPI) number, which shows a fall from 7.25 percent to 6.87 percent.Market rejoiced the number as it rekindled the hope of rate cut by RBI,but the devil lies in detail of the number July’s WPI inflation is down because of base effect in last July as index had soared to 9.36 %.
Manufacturing prices – which is what the Reserve Bank considers “core inflation” – are beginning to rise again, in the WPI have risen to 5.58 percent in July, up from 5 percent in May and June.
1. FII  bought 10832  Contracts of NF ,worth 289.48 cores  with net OI increasing by 7560 contracts.
2. As Nifty Future was up by 34 points a..

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