Nifty Options trading analysis

1. FIIs bought 14480 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 433 cores with net Open Interest increasing by 5018 contracts.
2. As CNX Nifty Future was up by 4 points with Open Interest in Index Futures increasing by 5018, so FIIs have initiated  longs in Nifty and Bank Nifty Futures.Today was interesting as Bank Nifty remained in red for most part of session so Banks are under performing the nifty. So highs should be treated with caution.

3. NS closed at 24 month high 6010 after...

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