Bulls back with Bang, FII FnO Data Analysis

• FII's bought 15.8 K contract of Index Future worth 644 cores, 22.2 K Long contract were added and 6.3 K short contracts  were added by FII's. Net Open Interest increased  by28.5 K contract , so FII added longs in Index futures also shorts were added but in 1:3 ratio.

As discussed in previous post Nifty Ready for Bounce  we discussed Nifty is near its trendline support and also has corrected just 38.2% retracement of the rise from 7540 odd levels. Bullish patten is totally intact and Bulls were back with bang today, so 4 days of fall was covered in single session clearly suggesting who is at drivers seat.  Now Nifty is nearing an important level of ..

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