FII Derivative Data Analysis for 7 August Trade in Nifty Future

King of D-Street finally woke up from long slumber and fired 6% at a shot. I am talking about Reliance Industries. It broke above 751 and made a high of 789. RIL going in such a fashion after almost 3 years and give us some intuition of big moves coming in Nifty. This is still at intial stage and we need to see further how RIL stocks move.

1. FII  sold 15894  Contracts of NF ,worth 381 cores  with net OI increasing by 10464 contracts.
2. As Nifty Future was up by 55 points and OI has increased by 10464 contracts  means FII have added longs in Index Future...

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