FII F&O Data Analysis for 17 Nov

• FII's sold 15.7 K contract of Index Future worth 208 cores, 8.1 K Long contract were squared off by FII's and 7.6 K short contracts  were added  by FII's. Net Open Interest decreased  by460 contract , so FII have slowly started shorts in Index Futures and booked profit in long contract.

Nifty move pf past 8 trading session is shown below, range bound move in 125 point range with range contraction suggesting next week will lead to range expansion , On Upside if 8411 is broken 8450 is Fibonacci resistance, Any break below 8320/8280 will see Nifty correcting till 8200/8220 odd levels.FII have slowly started exited long position..

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