FII FnO Data Analysis for 20 Jan

• FII's bought 1.3 K contract of Index Future worth 56 cores, 1.7  K Long contract were added  by FII's and 0.4 K  short contracts  were added by FII's. Net Open Interest increased  by 2.2 K contract ,so FII's added both long and   shorts in index future in a dull day of trading.

Nifty had a perfect day of consolidation today another DOJI formation, As discussed in last analysis   range of 8526-8545 is important supply zone unable to cross nifty can see pullback to 8400 before marching towards new high.  Nifty closed above 8550 suggesting supply is getting observed. As per Hourly chart breakout has happened and new high is round the corner, Also as per gann box analysis Nifty...

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