Nifty ready for Big move, FII data Analysis

• FII's sold 13139 contract of Index Futures worth 444 cores (10.1 K  longs were squared off  and 3 K shorts were added in Index Future) with net OI decreasing by 7 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 5 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 rally of...

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