Nifty October series overview as per FII data

• FIIs bought 50350 contracts of Index Future (sold 1.2 Lakh long contract and  1.04 Lakh shorts were squared off ) worth 1497 cores with net Open Interest decreasing by 2.2 lakh contracts.Nothing much to read in these numbers.

Nifty continued to move in the trading range and finally expired above 200 DMA, Yesterday Nifty formed an hammer pattern but failed to show follow upmove today.Tomorrow we have weekly closing, bulls want to close above..

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