FII F&O Data Analysis for 5 March trade in NF and BN Future

1. FIIs bought 13985 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 399 cores with net Open Interest increasing by 34143 contracts. Techniques to Increase Trading Profits
2. As CNX Nifty Future was down by 13  points after recovering more than 30 points from the low of 5678  with Open Interest in Index Futures increasing by34143 so FII have done short covering today, no fresh shorts are added by them.
3. NS closed at 5699 after  making high of 5712 and low of 5664. Nifty opened today with a downside gap of around 15points, declined further and made a new swing low of around 5663 levels.It recovered nicely..

Continue Reading