Bulls back with bang, FII FnO Data Analysis

• FII's bought 19.8 K contract of Index Future worth 453 cores, 18.2 K Long contract were added by FII's and 1.6 K short contracts  were added by FII's. Net Open Interest increased  by 16.6 K contract ,so FII's added majority long in Index futures in.

As discussed in yesterday analysis  Nifty is near very crucial point as per Ichimoku Cloud and big move is round the corner. Also 20/50 SMA are converging any break above 8310 can see explosive move on upside and break of 8214 can see move below 8174/8120. Nifty gave the explosive move today and 


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