Thursday, January 23

Nifty near all time high, FII data analysis

FII_1
  • FIIs bought 3674 contracts of Index Future  worth 123 cores (3405 Longs were added  and 269 shorts were squared ) with net Open Interest increasing by 3136 contracts, so FII's added longs and exited partial shorts.
As discussed Nifty gave a breakout above 6327 but the follow up move is not coming. Nifty is just 16 points short of all time closing high, Tomorrow we have the weekly closing, Last 3..
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