FII FnO Analysis for Mahurat Trading

• FII's bought 18.6 K contract of Index Future worth 751 cores, 24.6 K Long contract were added by FII's and 5.9 K short contracts  were added  by FII's. Net Open Interest increased  by 30.5 K contract , so FII added long in index futures but are adding shorts.

This is what we discussed in last analysis  yesterday Nifty has taken support @ 100 DMA today, suggesting short term bottom is in place. Nifty has corrected 450 points in this current correction which has lasted for 22 trading days. Shorts needs to be extreme cautious now as the reversal will be fast, we have Diwali and election results coming on Monday so bulls can see a fast and furious come back. Also Dow,European market seems to be making a short term bottom. Nifty has been rising from the day we said..

Continue Reading