FII Derivative Statistics for 7 Nov Trade in Nifty and Bank Nifty Future

1. FII sold 3923 Contracts of Index Future,worth 155 cores with net OI increasing by 15627 contracts.
2. As Nifty Future was up by 27 points with Open Interest in Index Futures increased by 15627, so FII booked profit in shorts   and intitated fresh longs in Nifty and Bank Nifty Futures. Read How US election impact Stock Market

3. NS closed at 5724 after making a high of 5731 and low of 5694.Nifty at last after 15 trading sessions broke the figure of 5725 and closes at 5724 so have we done breakout ? Well it depends on how market opens..

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