FII FnO Data Analysis for 19 Jan

• FII's sold 37.1 K contract of Index Future worth 848 cores, 34.3  K Long contract were squared  off  by FII's and 3.3 K  short contracts  were added by FII's. Net Open Interest decreased  by 31 K contract ,so FII's added  shorts and squared off   longs in Index futures.

Nifty had a perfect day of consolidation today, range of 8526-8545 is important supply zone unable to cross nifty can see pullback to 8400 before marching towards new high. As per Hourly chart breakout has happened and new high is round the corner, Also as per gann box analysis Nifty today...

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