Nifty bounced from support area, FII FnO Analysis

• FIIs sold  20613 Index Future worth 576 cores with net Open Interest increasing by 49973 contracts.As discussed yesterday FII have started booking profit we saw a rally and today, and higher levels were used to short again and we saw the dip in dying end of session as FII started shorting again.

Nifty opened with Gap up got sold off in morning consolidated in range 5566-5580 range and as discussed yesterday gave a rally. As trend of market is still Sell the rise till Nifty..


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