Wednesday, October 29

Bulls rule Dalal Street in most hated rally, FII FnO Analysis for October Expiry

FII_1
  • FII's bought 52.9 K contract of Index Future worth 2166 cores, 45 K Long contract were added by FII's and 7.8 K short contracts  were squared off by FII's. Net Open Interest increased  by 37.2 K contract , so FII added highest amount of  long in index futures in October series.
As discussed in past 2 days analysis structure is still bullish till it do not close below the green line in the gann box.Once 8060 is crossed new high can come by Expiry or by Friday. Big move will be coming either tomorrow or Thursday. Nifty did not break the green line of Gann box and has now approached the yeallow line which acted as resistance and tomorrow price action needs to be watched. Market move..

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