Has Nifty formed short term bottom,FII FnO Data Analysis

• FII's bought  1.7 K contract of Index Future worth 36 cores, 15.4 K Long contract were added by FII's and 13.7 K short contracts  were added by FII's. Net Open Interest increased  by 29.2 K contract ,so FII's added long in Index Futures  and continue adding shorts in index future.

 Nifty has corrected the scared 666 points in the current correction, Review of Nifty Corrections in 2014  .As discussed yesterday Today fall has lead to capitulation as the last savior of Bulls pharmas cracked today, market showed good recovery from the low of 7961 but till it do not close above  8082 bears are still having upper hand. Nifty has taken support near the Gann Box, also signalling short term bottom can be formed soon.  So signs of..

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