Nifty gets Iraq Shocker, FII FnO Data Analysis

• FII's bought 5.7K contract of Index Future worth 216 cores, 9.7 K Long contract were squared off and 15.5 K short contracts were were squared off. So FII's after today's volatile move squared off both long and shorts in Index Future.

As discussed in yesterday's analysis caution is advised on longs and today we saw the voilent nature of market, in matter of 1 hour Nifty was down 132 points.  As discussed yesterday  range of 7637-7657 becomes an extremely important resistance,unable to cross the same we can see back to 7474 levels, Nifty did a high of

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