FII Derivative Data Analysis for 21 August Trade in Nifty Future

CAG Report came market fell from high after making top of 5399.95, interesting thing to note is How emotions and sentiments are used to play the short term phenomenon is market. Everyone knew the Coalgate scam and the extent of damage to exchequer but as soon as report was tabled in the parliament Nifty reacted negatively and power stocks were the worst hit but the fall was so steep most of traders were left out. Always remember charts discount everything, Try to trade on technical system instead of doing news based trading. I have clearly mentioned suppport for Nifty at 5340 on Thursday evening and Nifty made a low of 5342 on Friday before giving a bounce back, so this is how trading using a system keeps your emotions in control and mind at peace.

1. FII  bought 12876  Contracts of NF ,worth 279 cores  with net OI increasing by 8208 contracts.
2. As Nifty Future was up by 0.35  points and OI has increased by 8208 , FII have used...

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