FII FnO Data Analysis for 11 Dec

• FII's sold 35.8 K contract of Index Future worth 845 cores, 21.5 K Long contract were squared off by FII's and 14.2 K short contracts  were added by FII's. Net Open Interest decreased  by 34.4 K contract ,so FII's squared off long in Index Futures and continue adding shorts in index future.

Nifty after 310 point  decline held on to 8300 and consolidated in range through out the day. Nifty held on to its trendline support now Bulls should look for close above 8394 to confirm correction is over and any close above 8440/8450 would confirm we can again move up till 8550/8580 range. Break of 8300..

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