FII FnO data Analysis for 06 June

• FII's sold 23.8 K contract of Index Futures worth 889 cores (20.8 K  longs were squared  off and 3  K shorts were added  in Index Future) with net OI decreasing by 17.7  K contracts.FII's added  shorts today also and use the rise to exit the market..

As discussed in Weekly Analysis Nifty as per Gann grid is having strong support at red line marked by Green arrow continued its journey on upside and close above red line. Next level of resistance comes at 7500-7519 range yellow line shown in Gann Box. As per EW we have strong support at 7440-7450 range which if sustained can see break

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