Nifty and Sensex rallies highest in 4 years, FII' data analysis

FIIs bought 101860 contracts(Highest ever in single day) of Index Future (Bought 87098 long contract and  14762 shorts were liquidated) worth 2957 cores with net Open Interest increasing by 72336 contracts.The spectacular rally we saw today many reasons can be given the most important reason was FII have covered there most of shorts on Friday session as discussed yesterday and analyzing my data sheet most of these shorts were covered in loss, Now FII's have money..

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