FII F&O Data analysis for 18 Oct trade in Nifty Future

In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be up or down. The thing is to do is to watch the market, read the tape to determine the limits of the get-nowhere prices, and make up your mind that you will not take an interest until the price breaks through the limit in either direction. A speculator must concern himself with making money out of the market and not with insisting that the tape must agree with him. Never argue with it or ask it for reasons or explanations. Sock-market postmortems don’t pay dividends.- Jesse Livermore
The above quote from Livermore is apt for current market conditions. We have been trading in a narrow range 5715-5635 from past 4 trading sessions, Volatility has collapsed, so where will the nifty go either it will breakout or breakdown . Let see how FII have positioned themselves.
1. FII bought 7680 Contracts of Index Future,worth 197 cores with net OI increasing by just 438 contracts.
2. As Nifty Future was up by 18 points ..

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