FII FnO Data Analysis for 09 Jan

• FII's sold 6.7 K contract of Index Future worth 176 cores, 2.1 K Long contract were squared off  by FII's and 4.5 K  short contracts  were added  by FII's. Net Open Interest increased  by 2.4 K contract ,so FII's squared off  long and added shorts in Index futures.

This is what we discussed yesterday Nifty hourly chart touched the support line and formed a doji candlestick pattern similar to the one @ lows 7961 signalling short term bottom . Tomorrow going by historical data we should see gap up opening, and need to see a rally till 8200/8232 odd levels. Nifty opened with a gap up..

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