FII FnO Data Analysis for 04 July

• FII's sold 6.9 K contract of Index Future worth 266 cores, 5 K Long contract were squared off and 1.8 K short contracts were added  by FII's. Net Open Intrest came down by 3231 contract suggesting FII are again going short at higher level but in small quantity.

Nifty made a fresh life high today@7754 , almost near to the EW target of 7761  as seen in below chart.  Any break below 7677 can lead to a swift fall till 7634 odd levels. Volumes are not ..

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