FII Derivative Data Analysis for 6 August Trade in Nifty Future

1. FII  sold 14453  Contracts of NF ,worth 348 cores  with net OI increasing by 5075 contracts.
2. As Nifty Future was down by 5 points and OI has increased by 5075 contracts  means FII have done partial profit booking in longs still no evidence of shorts getting added at higher levels, as NF has closed above the Rollover range of 5210.

3. NS closed at 5216 which is above 5203(Support are now coming down,5208 yesterday),Bulls firmly defended the support level firmly closing above 5203. We talked about the 64 point rule ..

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