FII FnO Analysis for 13 Feb Trade in Nifty Futures

1. FIIs sold 7917  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 237 cores with net Open Interest increasing by 3115 contracts. Do you trade on Hope ? Read this Traders biggest enemy :HOPE  
2. As CNX Nifty Future was up by 20 points  with Open Interest in Index Futures increasing by 3115 so FII have booked profits in longs created yesterday. Again Today carnage was seen in Mid caps, Realty stock took beating with Unitech down 25% due to 2G scam news , DB Realty 17% and ADAG took beating before recovering. Many  traders have lost a fortune in last 7 days :( due to lack of trading system/trading plan  and trading on emotions of Hope,Greed  thinking stocks will bounce-back.

3. NS closed at 5923 after  making high..

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