FII F&O Data Analysis for 6 March trade in NF and BN Future

1. FIIs bought 6185 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 175 cores with net Open Interest decreasing by 9317 contracts. How to Build Trading Confidence
2. As CNX Nifty Future was up by86  points,posted Biggest Single day Gains since NOV. 29 2012  with Open Interest in Index Futures decreasing by9317  so FII have done short covering today, also did intraday trades. Still no net longs are added by FII. Yesterday we clealry mentioned Shorts are getting covered at lower levels by FII and today we had an stupendous rally :)
3. NS closed at 5784 after  making high..

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