Nifty near crucial channel support, FII FnO Analysis

• FIIs bought 12509 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 384 cores with net Open Interest increasing by 27881 contracts, so FII have started shorting in Index futures as OI is rising significantly. Commodity Market Risk

Nifty made a low of 6102 in volatile session today, traders who are reading analysis would have made made good profit as Nifty turned back from trend deciding level of 6190 as discussed yesterday.Tomorrow market closing is very important as nifty is near the bottom of up trending channel...


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