FII Option Data analysis

1. FIIs sold 17370 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 517 cores with net Open Interest decreasing by 11650 contracts. Painful Truths About Trading
2. As CNX Nifty Future was down by 20  points, with Open Interest in Index Futures increasing by 11650 so FII have initiated shorts  in today's session.
3. NS closed at 5914 after  making high of 5952 and low of 5893 after IIP data and Inflation data both came more than expected the market, So good IIP data got nullified by Bad Inflation data :) . Nifty has reacted sharply from Weekly Trend Deciding Level of 5971 yesterday and also closed below 50 SMA@5943 for 5 time in a row from Feb 8. As discussed yesterday in option analysis..


Continue Reading