FII FnO Data Analysis for 23 Dec

• FII's sold 5.2 K contract of Index Future worth 106 cores, 99.7 K Long contract were added by FII's and 94.4 K short contracts  were added by FII's. Net Open Interest increased  by 1.94 K contract ,so FII's rollovered heavily today.

 Nifty continued with its upward journey with gaps and crossed its  50 SMA and closed above the AF line will increasing the possibility of nifty  heading towards 8400/8500 range before 31 December. Any close below 8200 will make bulls jittery and give confidence to bears. Breakout in Hourly charts and gann box also..

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