FII FnO Data analysis for 18 Sep

• FIIs bought 20132 contracts of Index Future (sold just 388 long contract and  20520 shorts were squared off) worth 592cores with net Open Interest decreasing by 20908 contracts. SO FII's today were on short covering spree and in series net on net they have covered most of shorts still holding significant amount of long contracts.

As discussed in yesterdays analysis Nifty will continue to move in choppy market frustrating market participants,Nifty continued trading in its sideways range of 5800-5950 and closing above..

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