- FII's
sold 24.7 K contract of Index Future worth 556 cores, 19.6 K Long
contract were added by FII's and 5 K short contracts were added by
FII's. Net Open Interest decreased by 24.7 K contract ,so FII's
liquidated long in Index Futures and continue adding shorts in index
future.
Nifty has corrected 575 points in the current correction,
Review of Nifty Corrections in 2014
Nifty has broken both AF support and 50 SMA with gap down, now heading
towards the 61.8% Fibo retracement of current fall. Nifty has from past 3
times bounced from this level as shown below. Bull market correction
are fast and furious so use the dips to enter delivery based buying. As
per quantitative analysis maximum rise seen in current fall is 80-90
points so if we rise more than 90 points...
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