FII F&O Data analysis for 24 Sep trade in Nifty Future Trading

Nifty made a fresh 52 week high and closed near its 78 week high of 5691.FII hot money coupled with reforms unveiled by Government of India making bulls to rise higher as Nifty has rallied 502 points in 12 trading session. Expiry is just 4 days away with 51 F&O Stocks moving out so trade these stocks very cautiously. Click this link to know which 51 stocks

1. FII sold 8596  Contracts of Index Future,worth 409 cores  with net OI increasing by 30452 contracts.
2. As Nifty Future was up by 136 points and  Open Interest in Index Futures increased by 30452, FII have covered  shorts in  Nifty and Bank Nifty Future and went long again in Index Futures. In Classical Technical Analysis any Stock Index makes a fresh high should be bought into.

3. NS closed at 5691,bulls took control ..

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