Nifty April Expiry Prediction

• FII's bought 26.8 K contract of Index Futures worth 923 cores (31.1 K longs were added  and 4.3 K shorts were added for  Index Future) with net OI increasing by 35.4   K contracts. So today's FII's continue adding longs and also added fresh shorts  Index Futures.

Nifty reacted from the EW target of 6838 and did a day of consolidation by making a low of 6805 and closed well above 6800. Now looking at FII buying in Index futures we can see an impulsive up move if 6800 is not broken, 2 Possibility have been discussed...

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