Nifty and Bank Nifty F&O Data Analysis

• FIIs sold 10222 contracts of Index Future (Book profits in 6700 Contracts of shorts and 16922  longs ) worth 292 cores with net Open Interest decreasing by 23622 contracts. So as per data analysis, FII's have started booking profit in Long in NF and BNF entered on last 2 days.  Trading Funda : Think Less & Keep It Simple

Nifty opened gap down today, quickly recovered to fill the gap, and continued with its rise. Nifty made low of 5557 which was Chopad level as disucced in Weekly analysis  and gave the much anticipated rally.

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