FII FnO Data Analysis for 14 Nov

• FII's sold 13.5 K contract of Index Future worth 394 cores, 11.6 K Long contract were squared off by FII's and 1.8 K short contracts  were added  by FII's. Net Open Interest decreased  by 9.8 K contract , so FII have slowly started shorts in Index Futures and booked profit in long contract.

Nifty today did a follow up of gravestone doji candlestick formed yesterday ,  Dalal Street old saying came true again  Buy rumor , Sell news, On Upside if 8411 is broken 8450 is Fibonacci resistance, Any break below 8320/8280 will see Nifty correcting till 8200/8220 odd levels as shown in below 2 charts.We have SBI/Tata Motors and BHEL results tomorrow, SBI and Tata Motors is Index heavyweight so results will impact market. Grinding move is beneficial to Option writers  because of their option writing. Once, they start..

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