FII Data Analysis for 22 May

• FII's bought 10707 contract of Index Futures worth 394 cores (12.4 K  longs were added and  1.7 K shorts were added in Index Future) with net OI increasing by 14.1  K contracts.FII's are going long in Index Futures.

Nifty Hourly chart has formed a pennant pattern which suggests a breakout/breakdown is round the corner. As its Bull market the emphasize lies on breakout on upside. 7320 should be broken for nifty to move toward

Continue Reading