FII FnO data Analysis for 10 Sep

• FII's sold 6.5 K  contract of Index Future worth 267 cores, 11.1 K Long contract were squared off and 2.8 K short contracts  were squared off by FII's. Net Open Interest decreased  by 15.6 K contract , so FII squared off both long and shorts in Index futures.

Nifty continued trading in hourly channel and on daily chart near the rising trendline. Negative divergence are visible but close below 8100 is required for the divergence to show effect. Expect a good trending move in next 2 days as per time cycle analysis. 8200-8250 range should be used by traders to lighten up longs looking at euphoria..

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