FII FnO Data Analysis for 06 May

• FII's bought 2668 contract of Index Futures worth 86 cores (5.7 K  longs were added and 3 K shorts were added in Index Future) with net OI increasing by 2.6 K contracts. So today's FII's first time in the series added substantial amount of longs in index futures.

Nifty closed below its 20 DMA for 4 day in row which is bearish in short term, but momentum is missing on downside suggesting bears are unable to capitalize on the downside. As per time analysis  bulls will make a...

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