Nifty trades around 50 DMA, FII FnO Data Analysis

• FII's bought 6.6 K contract of Index Future worth 178 cores, 7.6 K Long contract were added by FII's and 0.9 K short contracts  were added by FII's. Net Open Interest increased  by 8.6 K contract ,so FII's added long in Index Futures more aggresively and continue adding shorts in index future.

 Nifty has corrected 475 points in the current correction, Review of Nifty Corrections in 2014  We are near AF Support, September month resistance of 8181 and 50 SMA, so traders shorts can book profit. Bulls will get...

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